Baby ”Burned” By Ariel Gel

The Scottish Daily Record has reported that a baby has been badly burned by Ariel washing detergent. Taylor Mills, who is 17 months old, was hurt by Ariel Excel gel that failed to dissolve on a newly washed vest. The tot was in tears but parents Ryan and Gillian put it down to teething. And only …

Mystery Buyer In Fisher & Paykel Deal

The New Zealand Herald has reported that US private equity company Texas Pacific Group had a casual look at buying a stake in Fisher & Paykel Appliances but was not the main rival to Chinese manufacturer Haier. The whitegoods maker confirmed last week that Haier would buy a 20 per cent stake …

Hotpoint Plant Closure

It has been confirmed that 305 jobs at the Hotpoint washing machine factory in Bodelwyddan. At it’s peak Hotpoint/Indesit employed more than 2000 workers at Llandudno Junction. Manufacturing at the site will be switched to Poland. Staff were called to a meeting earlier today and told their jobs w…

Confirmed – Haier Buys A Chunk Of Fisher & Paykel

It is now confirmed that, as we reported yesterday, that Haier has bought a 17% stake in Fisher & Paykel Appliances who’s shares jumped by a record in Wellington trading after the deal with Haier Group was confirmed and arranged new bank funding. Shares in the company, before today the second…

DSGi sells Hungarian Business For €1

DSG international, the UK’s biggest consumer electronics retailer, today confirmed it is selling Electro World Hungary for one euro. The new owner is called EW Electro Retail (EWH) will gain all nine stores, operations and employees. John Browett, DSGi chief exec said, “We have concluded that bes…

Homeserve To Sell Off Emergency Services Business

Home insurance group Homeserve share prices have risen after it revealed plans to sell its emergency services business. Homeserve has put its Emergency Services operation up for sale after it failed to meet expectations. The company said it had received a number of approaches for the division, wh…

Haier To Buy 20% Of Fisher & Paykel, Shares Halted

Haier will buy a 20 percent stake in Fisher & Paykel as part of capital raising, the New Zealand Herald has reported, without saying where it got the information. Haier, China’s largest maker of refrigerators, will invest about NZ$40 million, while as much as NZ$160 million will be raised fro…

Kesa To Cut More Jobs

It has been widely reported today that electricals retailer Kesa has said it will cut jobs and close some of its stores in Spain as it announced a 7.5% drop in total like-for-like sales. Overall however the company traded in line with its markets.

Confusing New Fridge & Freezer Energy Labels In 2011

Fridges, freezers and fridge freezers getting new energy efficiency labels set to be introduced over the next couple of year and, from what we and the general press can see, they are set to further confuse people. The new label scheme is planned as being an extension on the current A to G energy …