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Clover denies sales rumour

Clover denies sales rumour

The company issued a statement denying any rumours made recently in a trade publication that a transfer of ownership is in the plan. Clover Technologies Group issued the following statement providing a business update: “Clover is operating in the ordinary course of...
Clover Imaging moves to reassure customers

Clover Imaging moves to reassure customers

Following the recent story in The Recyclers, Clover Technologies subsidiary, Clover Imaging, puts distance between the parent companies’ woes and issues letter to customers. Following the recent story in The Recycler, Clover Technologies subsidiary, Clover Imaging,...
Clover debt owners to take a haircut?

Clover debt owners to take a haircut?

Creditors will meet this week to pick over the future for Clover. Clover has around $700 million (€624 million) of debt and is sat on about $150 million (€134 million) of cash. Until earlier this month the company was ticking over, then two sharp whammies came along...
Clover goes Amazon

Clover goes Amazon

Clover’s USP is, they don’t sell in direct competition to their dealers. But if you do a little searching you will find that Clover is on Amazon. It does not take too much searching to discover Clover on Amazon here and here. All you will find is the CIG brand, not...
Clover challenging times

Clover challenging times

Moody’s has downgraded Clover Technologies parent 4L Technologies as risk of default rises. Moody’s Investor Services (Moody’s) downgrades Clover parent 4L Technologies following the appointment of legal and investment specialists to advise on restructuring the...