McPherson's takes cut

Cutlery, kitchen goods and beauty product marketer McPherson's is set to post a full-year loss because of a major expansion of its business. The company's brands include Wiltshire, Stanley Rogers, Lady Jayne and Manicare. It expects to incur a write-down this year of about $50 million on the value of its intangible assets.

Cutlery, kitchen goods and beauty product marketer McPherson's is set to post a full-year loss because of a major expansion of its business. The company's brands include Wiltshire, Stanley Rogers, Lady Jayne and Manicare. It expects to incur a write-down this year of about $50 million on the value of its intangible assets.