Electricals retailer Kesa, which owns Comet in Britain, is selling its French BUT chain in a £410m private equity deal. The buyer is Decomeubles Partners SAS, a company backed by a consortium made up of Colony Capital, Goldman Sachs and Merchant Equity Partners. The deal is expected to be c…
Author: admin
Going Green With Your Appliances
Go Green, Save Money Being more efficient and saving cash isn’t always about just buying “green” stuff We often get asked about the best ways to go green with laundry especially and appliances in general and much of the advice we give people is to help them maximise the life of…
BSH Records Double-Digit Growth in 2007 In US
As the only manufacturer in the United States with four premium brands – Bosch, Siemens, Thermador and Gaggenau – BSH Home Appliances Corporation, North America today announced that it has seen double-digit sales growth in 2007. In fact, the leading appliance manufacturer has shown record growth …
Indesit To Bid For Little Swan
Rueters have reported that Indesit is considering making a bid for a stake in Chinese washing machine maker Wuxi Little Swan after news that Swan’s main shareholder was planning to sell it (as we reported in an article on January 22nd) a source close to the matter said on Friday. Indesit has been…
Beko Snaps Up Grundig
Turkish Koc Group has acquired Grundig, the electronics company symbol of the German revival of the period after the World War II. The group has controlled since 2004 the historic company through company Beko, in partnership with British Alba, now it has acquired 100 pct. of the company, it was r…
Whirlpool & LG Spat Over Patents
Whirlpool filed a patent infringement suit against LG Electronics refrigerators a while back that are sold in the United States as the two battle for the premium U.S. appliance market. South Korea-based LG denied the charge on Thursday, adding the company would “actively” respond to Whirlpool’s a…
Smeg Unveils The Limo Cooker
Smeg has launched a new upright cooker with what has been described by one website as a “limousine approach” to the appliance. According to Smarthouse, the CSA150X boasts 78 litres of capacity, with nine cooking options for aspiring chefs, seven burner gas hobs, two “ultra-rapid” wok burners and …
Hotpoint Jobs In Peterborough Are ‘safe’… For Now!
A sheet of paper found on a fax machine left staff fearing for their jobs at Peterborough’s Hotpoint factory. But union representatives said they have been assured by the firm there is no need for alarm and the document found was simply part of a larger feasibility study. Concerned workers feared…
Little Swan Up For Sale?
China’s Wuxi Little Swan has said its controlling shareholder plans to sell off its 24.01 percent stake in the washing machine maker. State-owned Wuxi Guolian Development (Group) Co Ltd has made a decision to sell out of Little Swan, the company said in a statement, a day after trading in its dom…
Front-load Makes Bad Backs Better
Whirlpool has added a new accessory to its whitegoods portfolio, in the form of the pedestal ““ a stand that is designed to alleviate lower-back risk when loading the machine, doubling as a handy storage unit.