Which? have reported that AGA Rangemaster have reported a 15% drop in sales over last year. It has also been widely reported that the sales of washing machines, fridge-freezers, tumble driers and other large domestic appliances in general are also at threat, as the decline in home sales reduces t…
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MFI Confirms Agent’s Bills Will Not Be Paid
The whole story with MFI and their administration, management buyout and parts collapsing is utterly bewildering and holds more twists than an old Hitchcock movie. After weeks of drawn out speculation and no-one really knowing where they are with MFI it would appear that in a letter emailed to ag…
Antonio Merloni On The Brink Of Bankruptcy?
Italian whitegoods manufacturer Antonio Merloni is on the brink of bankruptcy after applying for government protection by going into administration under a process know as the Marzano Law ““ an equivalent to the US Chapter 11 or UK administration. Antonio Merloni manufactures products under…
Vax Beats Dyson In Row
Worcestershire vacuum cleaner manufacturer Vax has won a dust up with rival Dyson over an advertisement. The Droitwich based Vax advertised its products in the Argus and Grattan catalogues under the slogan “No loss of suction – cleans as good as the first time, every time”. This claim was suppo…
Whirlpool Slash Jobs At Amana & Lay Off In Mexico
A Whirlpool spokeswoman said yesterday that the company will lay off 440 workers, or more than 20 percent of the work force, at its Middle Amana plant. Whirlpool spokeswoman Jill Saletta says the layoffs are the result of sagging market conditions. The company informed workers of its plans on Thu…
Bosch Continue To Expand Chinese Production
Bosch and Siemens Home Appliance Group (BSH), one of the world’s leading manufacturers of high-end appliances, will not change its investment strategy in China despite of negative impact of the world’s economic downturn and real estate industry on China’s home appliance market, according to Kurt-…
MFI Puts Units Into Administration
The Independent has reported that MFI put its retail and property divisions into administration yesterday, following the completion of a management buyout deal that rescued 106 of its 187 stores. Kroll, the restructuring specialist, was appointed administrator to oversee the process.
Fisher & Paykel & Other Price Hikes
Fisher & Paykel Appliances Holdings Ltd. is raising prices for all its products in New Zealand by about 5 percent as raw materials prices increase. The increase follows similar rises in Australia and the U.S., said Paul Brockett, vice-president of investor relations, according to the newspape…
MFI To Close Half It’s UK Stores?
MFI was today silent over reports that between 90 to 100 of its stores could go into administration this week. Speculation has mounted that the furniture chain may close a number of its stores to safeguard 2,000 of the exisiting 3,100 workers as part of a business restructuring design.
The Truth About Washing Machine Prices
Price Expectations What you can expect for your money when it comes to washing machines All too often we hear cries that a washing machine, irrespective of the brand, has broken and that it should have lasted much longer than it did. Then, the conversation invariably swings tow…