Specialist warranty company Domestic & General has been snapped up in a £750 million joint takeover by private equity firm CVC and its own management.
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
Amica Release New Cooker Hood
Amica has launched a stunning new extractor hood, set to raise the style and performance bar, as consumers search for increasingly functional-design in the kitchen.
DAG Sale Back On
It looks as if the sale of Domestic & General may be back on as it has been reported that the private equity company CVC Capital Partners (CVC) is engaged in discussions with the Advent International in the US, to acquire the British home appliance warranty company.
Gorenje Sees Red
Gorenje is launching a new range of matching appliances collection in bright red including a fridge freezer, washing machine and tumble dryer.
Is The Sale Of DAG Off?
According to Reuters, private equity firm Advent International is considering refinancing debt in its British home appliance insurer Domestic & General and paying itself a dividend instead of selling the service plan business.
Electrolux To Manufacture In Ukraine
Electrolux is to launch the manufacturing of refrigerators at its factory in Ivano-Frankivsk, Ukraine.
The Dryer That Makes Sweat Drinkable
Would you drink water that was extracted from the sweat of other people’s clothes? Not a tempting idea for mny but over 1000 people in Gothenburg, Sweden have done just that.
Whirlpool & Electrolux Profit Surge
Both Whirlpool and Electrolux have forecast a strong rebound in demand from Europe, suggesting consumer confidence may be turning the corner after being battered by a debt crisis and austerity measures.
Beko Dishwasher Fire
The Derbyshire Times has reported that a Beko dishwasher has gone on fire in a customer’s home causing damage to the house.
Oreck Finds A New Owner
The manufacturer of Hoover and Dirt Devil brand vacuum cleaners was the winning bidder for rival Oreck in a bankruptcy auction offering at least $24.4 million to outbid members of the Oreck family.