It seems that it’s another day, another product recall this past week. This time it’s Bosch’s turn who are recalling Bosch, Neff and Siemens branded dishwashers produced between 1999 and early 2005.
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Electrolux Seals The Deal To Buy Olympic
Electrolux said on yesterday, 10th July, it would buy Egyptian appliance maker Olympic Group, completing a takeover delayed by the political turmoil in Egypt this year.
Beko Fridge Freezer Recall
Over the past week we have seen loads of reports in the media about the recent Beko fridge freezer recall for a potential fire risk, the original news report we published in June is available from this link, and we have collated as much news information in this article as we can.
Electrolux To Start Takeover Talks With Daewoo
Reuters reports this morning that Electrolux has agreed to begin takeover talks with creditors of South Korea’s Daewoo Electronics , a source with direct knowledge of the matter said.
Whopping £224 Million Loss At Dixons Retail
Dixons Retail has revealed plans to slash £150 million off costs after spectacularly crashing into a massive £224 million loss.
Tecnik Brand Owner Moben Bust?
Thousands of customers could lose their deposits on new kitchens after high street firm Moben, who own the Tecnik appliance brand, collapsed yesterday with the closing of 60 stores and staff at the Manchester HQ were sent home yesterday it is reported.
OFT Recommend Removal Of Domestic Electrical Goods Order
The OFT today advised the Competition Commission that the Domestic Electrical Goods Order and associated undertakings, which cover everyday goods such as televisions and washing machines, can be removed.
Comet Up For Sale After £9M Loss?
Kesa is reported to be considering the sale of its loss-making British chain Comet after trade across the group worsened in its new financial year.
More On Electrolux’s Purchase Of Daewoo
More details are starting to emerge as creditors of Daewoo Electronics seek to sell the third-largest electronics firm in Korea to a Swedish company following their failed efforts to sell the group to the initial preferred bidder Entekhab, sources report.
Whirlpool To Settle Compressor Litigation
Whirlpool, said it has agreed to pay nearly $603 million or 959 million Brazilian reais to settle all claims of old litigation dating back to 1989 with Banco Safra S.A. related to its Brazilian subsidiary.