Recently we’ve all seen the calls from the manufacturers and AMDEA, the appliance manufacturer’s trade association, for people to junk their old appliance and buy a new more efficient and “green” one. Thing is though, is that really financially sensible? We recently looked at fridge freezers and …
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Antonio Merloni For Sale But No Takers
Reports this week from the Italian press indicate that buyers have been pursued, as we reported last month in a previous article but it seems that hopes to sell off the Antonio Merloni company are failing. The company, that manufactured domestic appliances for many popular brands such as Baumatic…
Credit insurance
Majority of firms believe insurers are not assessing risk accurately and that the Government’s top-up scheme should be extended. According to the British retail Consortium’s (BRC) latest Quarterly Credit Conditions Monitor, 38% of large retailers and 28% of small and medium-sized enterprises (SME…
Focus moves closer to breakeven
Focus, Britain’s fourth largest retail DIY chain, took a step closer back towards breakeven – and perhaps towards profitability – in the year to February 22, according to latest results filed at Companies House.
Nortek In Prepacked Restructure
NTK Holdings, Inc. and Nortek, Inc. (“Nortek” and, together with NTK, the “Companies”) yesterday announced that the Companies have received votes accepting their prepackaged plans of reorganization (the “Prepackaged Plan”) from all voting classes of Nortek creditors and one voting class of NTK cr…
Midea Sells Almost 70% Stake In Subsidiary To Little Swan
Midea Electric Appliances Co. Ltd (Midea) and Wuxi Little Swan Co., Ltd announced Tuesday that Midea will sell a 69.47 percent stake of its subsidiary that specializes in manufacturing washing machines to Little Swan for 720 million yuan to end internal competition. Midea is a shareholder of Litt…
Miele Launch LiquidWash
With a huge emphasis on taking care of your clothes, Miele brings the LiquidWash washing machine that has a honeycomb drum which Miele claim is more gentle on garments whilst providing ultimate washing results or, so they say.
Bosch Introduces An Odour Eating Vacuum Cleaner
The new Bosch Air Fresh BSGL3015GB vacuum cleaner has a scented ‘bio-filter’ which Bosch claims neutralises carpet odours. The 2000W vacuum cleaner’s filter is made from organic materials. Bosch says that, in its own tests, the filter was 50% more effective at reducing odours than traditional act…
Electrolux Get Into Heating With a Portable Fire Concept?
It appears that any niche is a good niche and, this is an area that’s definitely “niche” for Electrolux, a rather funky idea for a portable fire that looks rather like an unattractive upside down test tube. But, it is impressive in other ways.
Viking Lay Off Workers
Viking Range Corporation has laid off 30 more employees in Greenwood. Bill Crump, Viking’s director of governmental affairs, told the Greenwood Commonwealth that the layoffs, which came this past week, involved salaried and hourly workers.