The New Zealand Herald has reported that US private equity company Texas Pacific Group had a casual look at buying a stake in Fisher & Paykel Appliances but was not the main rival to Chinese manufacturer Haier. The whitegoods maker confirmed last week that Haier would buy a 20 per cent stake …
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Hotpoint Plant Closure
It has been confirmed that 305 jobs at the Hotpoint washing machine factory in Bodelwyddan. At it’s peak Hotpoint/Indesit employed more than 2000 workers at Llandudno Junction. Manufacturing at the site will be switched to Poland. Staff were called to a meeting earlier today and told their jobs w…
Confirmed – Haier Buys A Chunk Of Fisher & Paykel
It is now confirmed that, as we reported yesterday, that Haier has bought a 17% stake in Fisher & Paykel Appliances who’s shares jumped by a record in Wellington trading after the deal with Haier Group was confirmed and arranged new bank funding. Shares in the company, before today the second…
DSGi sells Hungarian Business For €1
DSG international, the UK’s biggest consumer electronics retailer, today confirmed it is selling Electro World Hungary for one euro. The new owner is called EW Electro Retail (EWH) will gain all nine stores, operations and employees. John Browett, DSGi chief exec said, “We have concluded that bes…
Homeserve To Sell Off Emergency Services Business
Home insurance group Homeserve share prices have risen after it revealed plans to sell its emergency services business. Homeserve has put its Emergency Services operation up for sale after it failed to meet expectations. The company said it had received a number of approaches for the division, wh…
Haier To Buy 20% Of Fisher & Paykel, Shares Halted
Haier will buy a 20 percent stake in Fisher & Paykel as part of capital raising, the New Zealand Herald has reported, without saying where it got the information. Haier, China’s largest maker of refrigerators, will invest about NZ$40 million, while as much as NZ$160 million will be raised fro…
Currency Market Force Premium Appliance Brands Into Administration
Losses caused through currency fluctuations have forced Premium Appliance Brands Limited (PABL), the Warrington-based appliance company, into administration. Despite PABL building in a 5% leeway to cater for currency changes, joint owner Guy Weaver says: “There’s not a person who could have predi…
Washing Machine Carbon Brushes
Washing Machine Motor Brushes If you’ve diagnosed that your washing machine or washer dryer carbon brushes (some people mistakenly call them bushes for some reason) you will be looking to source a set replacement carbons as cheap as possible. We will assume that you have also read our…
How Long Should A Washing Machine Last?
Washing Machine Lifespans Many people think a washing machine will last X years, we explain why that’s wrong Most people when they set off to buy a new washing machine will have some kind of preconceived notion in their head about how long a washing machine or, for that matter,…
Fridge And Freezer Plastic Spare Parts
Bottle Storage Shelf, Salad Tray, Flap, Basket And More Those parts inside fridges and freezers that break like the bottle shelf, storage bits and bobs or basket fronts and flaps These parts are, for us, a nightmare to try to stock, and the reason is very simple: there are thousands o…