Slovenian appliance maker Gorenje has unveiled the most expensive fridge in the world designed for those to whom money is no object. The £10,000 fridge-freezers, the range is named “The Eye-Catchers”, of which there is 10 models available, are studded with 7000 Swarovski crystals, to make…
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Bosch Fridge Advert Gets The All Clear From The ASA
A national press ad, for fridge freezers, stated “If the thought of ever doing this again makes you shiver… Bosch frost-free fridge freezers.” The ad featured a picture of a basin filled with ice in front of an open freezer door. On the floor, beside the basin, was a hairdryer. Six readers comp…
Fisher & Paykel, Profit Warning, Stocks Down And Job Losses Announced
It has been widely reported in the Antipodean press today that home appliance maker Fisher & Paykel have lost 5.1 percent to NZ$3.90. The company has also warned at its annual general meeting that net profit for its 2007 year is likely to be at the lower end of its NZ$75 million to NZ$80 mill…
Daewoo Up For Sale?
Reported this morning from various primarily Indian sources is that Daewoo is up for grabs and Videocon is favourite contender to emerge thus far to potentially acquire the South Korean consumer goods giant Daewoo Electronics with a bid of $650 million.
Are You Sure You Want That Control Module?
Electronic Control Modules People all too often order the wrong part and it causes a lot of hassle and grief that can often be avoided so here’s a brief guide before you spend a lot of money on a spare part that you may well not need. We get asked all the time for a “programmer”, “m…
Press Information
Press Information UKW is often quoted or used as a reference in relation to appliance stories in the media generally and the items mentioned below represent only a small sample of some of the assistance and information that we have provided to many various media outlets including BBC …
The end is nigh for MFI
Furniture business MFI confirmed today it was considering an offer for its troubled retail arm. The company, which has around 200 outlets, said the terms being discussed with a private equity bidder involved a nominal sum as well as future cash contributions from MFI.
BSH Home Appliances “excited’ about prospects in Asia Pacific
German based BSH Home Appliances Sdn Bhd, which opened its office in Malaysia last month, is projecting RM50 million sales per annum within the next three to five years. BSH aims to garner 30 per cent market share of the front-loading washing machines in the country within the period.
Chinese Fridge Maker Reports Wider Loss
Chinese refrigerator maker Guangdong Kelon Electrical Holdings Co. Ltd. said Monday its net loss for the year sharply widened to US$472 million (euro370 million) partly due to substantial bad debts. The company, whose Hong Kong-listed shares have been suspended since June 2005, posted a net loss …
MFI in talks over retail arm sale
MFI has confirmed it is in talks with Merchant Equity Partners (MEP) about the possible sale of its retail arm. The furniture business, which has about 200 stores, said the deal involved the payment of a nominal sum and future cash payments from both MFI and MEP.