Whirlpool have recently announced a 30% hike in its investments in Brazil for 2011. The company’s total investment in the Latin American country amounted to about $180 million last year.
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Indesit Releases Financial Results, Profits Rise
Shareholders of appliance maker Indesit Company approved its 2010 financial statements, reporting a 2010 net profit of €90 million, compared with €35 million in 2009.
Comet Sell Off Inevitable?
Since the publication of a blog post on Sky News by Mark Kleinman the rumours circulating about the sell off of the beleaguered electrical retailer Comet have been set alight leading to further speculation that the retailer will, at some point, be sold off to the highest bidder. It would appear t…
Comet MD Leaves
Reuters have reported today that Kesa Electricals who operate as Comet in the UK and are Europe’s third-biggest electricals retailer said that Hugh Harvey, managing director of its Comet business in the UK, has left the firm.
Electrolux Profits Take A Tumble
Electrolux says its net profit fell by 50 percent in the first quarter amid unfavorable currency exchange rates, price pressure and increased raw-material costs.
Zanussi Launch A New Washing Machine With JetSystem+
Zanussi says that their new ZWJ14591W provides the cleanest, most economical and efficient performance possible by automatically adjusting water consumption, energy and cycle time to suit the laundry load size. More of the press release follows.
LG Launch Smart Fridge
Not to be outdone by Samsung’s smart fridge release, LG Electronics on Tuesday unveiled a refrigerator which suggests recipes as it forecast a bright future in the potentially lucrative market for “smart” household appliances.
Samsung Release Smart Fridge Pricing
Samsung America has priced its four-door, Energy Star-rated LCD refrigerator to carry a suggested $3,499 retail when it begins hitting sales floors late next month.
Office Of Fair Trading To Investigate Extended Warranties
The Office of Fair Trading (OFT) has launched a study into extended warranties, looking at whether they’re good value for money and the competition in the market.
Dixons Drops Spanish Division
Dixons Retail have decided to drop its loss-making Spanish PC City division in order to curb expenses.
