McPherson's takes hit

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

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