Dow Jones in a recent article have specualted that flagship retail assets such as Dixons Retail and Carphone Warehouse might attract foreign predators which comes as a bit of a surprise but, when you think about it, it’s not such a crazy notion.
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
Comet Sale News Round Up
The retail restructuring specialist Hilco and the private equity firm OpCapita are through to the second round of bids for Comet, the ailing UK retailer Kesa Electricals is trying to sell.
EU To Curb Vacuum Cleaner Power
The Scotsman On Sunday has reported that the European Union is planning to reduce the power of vacuum cleaners through new legislation curbing the power output of the cleaner’s motor.
Comet £50M Pension Black Hole
It has been reported that Comet has told potential buyers of the business that they will have to take on a £50 million pension fund deficit in order to buy the company.
Whirlpool Sells Dishwasher Plant
If you ever fancied setting up a factory to build your own dishwashers then you could be able to pick up a second hand bargain as Whirlpool replace all the plant from their German dishwasher plant that makes group dishwashers for brands such as Bauknecht, Whirlpool as well as others.
Carlyle Group Buys Into Haier
Rueters reports buyout firm Carlyle Group agreed to buy 9 percent of Haier Electronics Group through convertible bonds, raising its stake in a Chinese company expanding into Japan and China’s markets.
DRL Wins Court Battle With Wincanton
Online appliance retailer DRL has won a £470,000 victory against logistics giant Wincanton Group after fighting a High Court judgement at the Court of Appeal.
eSpares Acquired By Connect Distribution, OFT Pays Attention
Connect Distribution of Birmingham has acquired the eSpares online spares business for an undisclosed sum but, in the process, has tripped the interest of the Office of Fair Trading (OFT) for a possible problem under the Enterprise Act.
Panasonic Sells Washing Machine Unit
Reuters reports that Panasonic has decided to sell its unit’s washing machine and refrigerator operations in Japan and Southeast Asia to Chinese firm Haier Group Co for about 10 billion yen, Japan’s Nikkei business daily reported.
Comet Bids In, Not Much Interest
Reuters reports that a small number of turnaround specialists have lodged offers for loss-making electricals chain Comet in a process likely to realise little, if any, cash for parent Kesa , say people familiar with the matter.