Antonio Merloni For Sale But No Takers

Reports this week from the Italian press indicate that buyers have been pursued, as we reported last month in a previous article but it seems that hopes to sell off the Antonio Merloni company are failing. The company, that manufactured domestic appliances for many popular brands such as Baumatic…

Credit insurance

Majority of firms believe insurers are not assessing risk accurately and that the Government’s top-up scheme should be extended. According to the British retail Consortium’s (BRC) latest Quarterly Credit Conditions Monitor, 38% of large retailers and 28% of small and medium-sized enterprises (SME…

Focus moves closer to breakeven

Focus, Britain’s fourth largest retail DIY chain, took a step closer back towards breakeven – and perhaps towards profitability – in the year to February 22, according to latest results filed at Companies House.

Nortek In Prepacked Restructure

NTK Holdings, Inc. and Nortek, Inc. (“Nortek” and, together with NTK, the “Companies”) yesterday announced that the Companies have received votes accepting their prepackaged plans of reorganization (the “Prepackaged Plan”) from all voting classes of Nortek creditors and one voting class of NTK cr…

Midea Sells Almost 70% Stake In Subsidiary To Little Swan

Midea Electric Appliances Co. Ltd (Midea) and Wuxi Little Swan Co., Ltd announced Tuesday that Midea will sell a 69.47 percent stake of its subsidiary that specializes in manufacturing washing machines to Little Swan for 720 million yuan to end internal competition. Midea is a shareholder of Litt…

Miele Launch LiquidWash

With a huge emphasis on taking care of your clothes, Miele brings the LiquidWash washing machine that has a honeycomb drum which Miele claim is more gentle on garments whilst providing ultimate washing results or, so they say.

Bosch Introduces An Odour Eating Vacuum Cleaner

The new Bosch Air Fresh BSGL3015GB vacuum cleaner has a scented ‘bio-filter’ which Bosch claims neutralises carpet odours. The 2000W vacuum cleaner’s filter is made from organic materials. Bosch says that, in its own tests, the filter was 50% more effective at reducing odours than traditional act…

Viking Lay Off Workers

Viking Range Corporation has laid off 30 more employees in Greenwood. Bill Crump, Viking’s director of governmental affairs, told the Greenwood Commonwealth that the layoffs, which came this past week, involved salaried and hourly workers.

Dyson Introduces A Fan… Without The Fan

There have been rumours on the internet and, like many that circulate the net (and just as many that aren’t) this time, the rumours are true, Dyson is launching the Air Multiplier. The company has claimed to have revolutionised the way an existing product works and are also looking to shift the w…