Piano manufacturer Petrof threatened with liquidation over debt claim

The world renowned piano manufacturer Petrof could face liquidation because of a legal dispute with the company's exclusive distributor in the United States, TV Nova reported. Earl Matzkin says the Hradec Kralove based firm owes him money; Petrof, meanwhile, says it owes Mr Matzkin nothing and accuses him of wanting to produce pianos under the Petrof brand in Asia. A court in Hradec Kralove is due to rule on the matter on Tuesday. The company was founded in 1864 and produces 7,000 pianos a year.