Bang & Olufsen has ‘tough’ year

IN a clear sign of a faltering economy, ultra-luxury brand Bang & Olufsen said it is having a “challenging” time in Ireland.

Its four stores reported a “tough” Christmas trading period yesterday but the company is positive about the year ahead.

The electronics brand, whose Irish operation is owned by Dubliner Billy Peat, said trade in Ireland was difficult over the last few months but it is hopeful that in May it will report results on-par with last year in its full-year accounts.