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Technology supplier Logitech has reduced its full fiscal year outlook after issuing preliminary third quarter results. For the company’s Q3 – the three months ended 31 December 2022 – revenue is expected to be between $1.26-$1.27 billion, down 17-18% in constant currency compared with the same quarter a year earlier. Adjusted operating profit is forecast
Xerox has reached an agreement with a subsidiary of a global investment firm to sell around $600 million of its lease receivables. Last year, Xerox spun out its financial services unit into a standalone company called Fittle as it looked to provide print equipment and other financing solutions to third parties. Now, it has announced
European aftermarket imaging supplies specialist KMP has diversified into interactive touch screens. The company has confirmed the acquisition – via its Copymix subsidiary in France – of the trademark rights for IJKOA products from Hong Kong-based Goede Kansen. KMP said it now exclusively holds the brand rights for IKJOA and handles distribution, marketing and technical
A former dealer group exec has taken on a senior role at online business equipment reseller Don Ruffles. Mark Allan, until recently Senior Business Development Manager at Nemo Office Club has joined the reseller as General Manager. Allan has more than three decades of experience in the office supplies industry. In addition to Nemo Office
The European Toner and Remanufacturers Association (ETIRA) has welcomed a decision by the Spanish government to allow customs officials to stop imports of non-complying electrical and electronic equipment (EEE). As a result of a royal decree, Spain’s custom inspection services (SOIVRE) will have the ability to control and inspect EEE goods – including toner cartridges