Ian Cheshire, the new chief executive of B&Q-owner Kingfisher, will restructure the company’s senior management team as part of his plan to improve performance at the struggling retailer. Mr Cheshire believes that Kingfisher, which has 780 stores in nine countries in Europe and Asia, is run t…
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Tough year ahead for John Lewis
The drop in sales at John Lewis’s high street stores has been eased by the popularity of its internet business. The downturn in consumer confidence has finally arrived at John Lewis ““ until now one of the best and most consistent performers on the high street.
Changhong suspends Little Swan bid
Sichuan Changhong Electrical Co, China’s second largest TV maker, has withdrawn its bid to acquire a 24% stake in washing-machine maker Wuxi Little Swan after the two parties failed to reach a price consensus, the Shanghai Business Journal reported. In a statement to the Shanghai Stock Exchange, …
Wuxi Little Swan seeks buyer among big white goods players
Washing-machine maker Wuxi Little Swan Co is looking to sell a 24-percent stake to large white goods companies, the company’s controlling shareholder said yesterday. Buyers must have registered capital of at least one billion yuan (US$139 million), or its equivalent in foreign currency, and three…
China’s Wuxi Swan largest shareholder selling entire 24.01 pct stake via auction
Washing machine producer Wuxi Little Swan Co Ltd (SZA 000418) said its largest shareholder, state-owned Wuxi Guolian Development Group Co Ltd, plans to sell its entire 24.01 pct stake in Little Swan via auction.
Godrej Appliances Are Looking For Partners
Godrej Appliances, the consumer goods division of the Godrej group, on Wednesday indicated that it is planning to enter new segments of commercial refrigeration, high-end television and food processing. The company is on the look out for technical partners.
DSG raided as Brussels steps up Intel inquiry
The European commission raided the UK headquarters of DSG, the former Dixons, yesterday as part of its long-running anti-trust investigation into the world’s largest chipmaker, Intel. Officials from the commission, accompanied by national competition authorities, also raided Intel’s Munich head o…
Dyson’s latest is a little better than before
The latest version of Dyson’s innovative range of vacuum cleaners improves on its predecessor by being more compact, according to a new review. Pocket-lint.co.uk states this week that the manufacturer’s range of upright vacuum cleaners has often suffered from being too large and cumbersome but th…
Indesit Moon wins award
Indesit has been awarded the 2007 Good Design Award for its washing machine, the Indesit Moon, by the Chicago Athenaeum’s Museum of Architecture and Design. The award recognises goods in a wide range of categories, however the Guigiaro-designed Moon took the accolade as winner of the Bathroom cat…
Style is important when shopping for a new appliance
Stylish kitchen appliances are often a popular choice, with one expert suggesting this week that good looking units can “sell big on looks alone”. In a blog for the Appliances 180 website, it was noted that a new range of cookers, dishwashers and microwaves from California-based Dacor were enough…