Victor Kiam, the man who so liked his Remington shaver that he bought the company, has been called upon to inject a little management spark into the troubled Ronson luxury goods and cigarette lighter manufacturer. Kiam moves in as part-time chairman, part of a major refinancing exercise at the company which has seen its share price dive after mounting losses.

Two months ago, Ronson alarmed the stock market by announcing that annual losses would top £7 million. A £6 million rights issue is proposed, the gloomy earnings forecast prompting management blood-letting which culminated in the arrival of Kiam.

The author of numerous books on management techniques and a fixture on the corporate lecture circuit, Kiam now has the opportunity to test the sharpness of his theories on the cutting edge of Ronson's five o'clock corporate stubble. Maybe he'll be so impressed with his own trouble-shooting skills, he'll again buy out the company.