Forbes has reported that China is facing price pressures in an industrial segment where it has long acted as a stabilizer, helping to keep white goods affordable worldwide. Meanwhile we do not necessarily agree with this assessment, more that China has simply been used as a cheap and, often poor …
Category: Domestic Appliance News
Domestic Appliance News
All the latest general news from the domestic appliance industry that we find all over the world, and stories that are of interest to the trade and public, often with our own unique non-politically correct spin on it.
We cover almost anything interesting to do with appliances or that affects the industry, including new product releases, scandals, recalls, mergers, takeovers and all the other juicy appliance news from around the world.
If you have a story to share, please let us know or contact us on admin@ukwhitegoods.co.uk or contact Kenneth here
Electrolux To Kill Westinghouse Washers In Australia
current.com.au has reported that Electrolux will cease washing machine production under the the Westinghouse brand and replace it with new Electrolux-branded machines, according to laundry product marketing manager Grant Stevens. Mr Stevens said, “We’re replacing that [Westinghouse] with Electrol…
Aga boss is turning up the heat
Iconic cooker company looks to social networking websites and greener models to cope with a ‘demanding year’, writes Jonathan Sibun If you own an Aga, consider yourself a target. There are 300,000 of you out there – Jilly Cooper and David Cameron included – and Aga chief executive William McGrath…
Whirlpool Gets Cozi
According to Whirlpool, many families feel the stress of juggling work, school, extra-curricular activities and daily household affairs. To help coordinate everything from grocery shopping and errands to soccer practice and recitals, Whirlpool brand has teamed up with family organizational softwa…
Centrica buys stake in fuel cell company
Centrica, the owner of British Gas, has agreed to buy 10pc of fuel cell company Ceres Power for £20m, sending Ceres’s shares soaring 30pc.
New CEO plans central management for B&Q owner Kingfisher
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…
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.