It has been reported that Comet has told potential buyers of the business that they will have to take on a £50 million pension fund deficit in order to buy the company.
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Whirlpool Sells Dishwasher Plant
If you ever fancied setting up a factory to build your own dishwashers then you could be able to pick up a second hand bargain as Whirlpool replace all the plant from their German dishwasher plant that makes group dishwashers for brands such as Bauknecht, Whirlpool as well as others.
Carlyle Group Buys Into Haier
Rueters reports buyout firm Carlyle Group agreed to buy 9 percent of Haier Electronics Group through convertible bonds, raising its stake in a Chinese company expanding into Japan and China’s markets.
DRL Wins Court Battle With Wincanton
Online appliance retailer DRL has won a £470,000 victory against logistics giant Wincanton Group after fighting a High Court judgement at the Court of Appeal.
eSpares Acquired By Connect Distribution, OFT Pays Attention
Connect Distribution of Birmingham has acquired the eSpares online spares business for an undisclosed sum but, in the process, has tripped the interest of the Office of Fair Trading (OFT) for a possible problem under the Enterprise Act.
Panasonic Sells Washing Machine Unit
Reuters reports that Panasonic has decided to sell its unit’s washing machine and refrigerator operations in Japan and Southeast Asia to Chinese firm Haier Group Co for about 10 billion yen, Japan’s Nikkei business daily reported.
Comet Bids In, Not Much Interest
Reuters reports that a small number of turnaround specialists have lodged offers for loss-making electricals chain Comet in a process likely to realise little, if any, cash for parent Kesa , say people familiar with the matter.
Whirlpool Hands in Q2 Report Card, Gets C+
As was expected, Whirlpool have reported losses but more than was expected for the Q2 period of $161 million but there are some mitigating factors despite the underlying trend on greater material costs.
Arcelik Buys SA Defy Appliances
Blomberg and others report that Arcelik (Beko), who is now Europe’s third-largest home appliances maker, has agreed to buy South African appliance maker Defy Appliances for $327 million.
Which? Slams Impossible To Repair Appliances
Consumers champions Which? have slammed products that are impossible or expensive to repair, highlighting a Beko washing machine in which to change the drum paddles you have to swap the complete tank unit on!