Kesa is reported to be considering the sale of its loss-making British chain Comet after trade across the group worsened in its new financial year.
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
More On Electrolux’s Purchase Of Daewoo
More details are starting to emerge as creditors of Daewoo Electronics seek to sell the third-largest electronics firm in Korea to a Swedish company following their failed efforts to sell the group to the initial preferred bidder Entekhab, sources report.
Whirlpool To Settle Compressor Litigation
Whirlpool, said it has agreed to pay nearly $603 million or 959 million Brazilian reais to settle all claims of old litigation dating back to 1989 with Banco Safra S.A. related to its Brazilian subsidiary.
Best Buy Suffer Huge Losses
Mobile phones seller Carphone Warehouse could be realising that entering a market in which established operators such as Dixons and Comet are already struggling may not have been a smart idea, with the group’s Best Buy UK group suffering larger losses than anticipated.
Electrolux Buying Daewoo Is a Go… Maybe
Bloomberg reports this afternnon that Electrolux CEO Keith McLoughlin said that they have renewed talks with Daewoo Electronics Corp. about potentially buying the bankrupt South Korean appliance maker.
Best Buy’s UK Invasion To Be Put On Hold?
Best Buy in the UK is reported to be close to shelving its expansion plans after a sharp downturn in consumer demand for electronic and electrical goods.
Comet Stores To Be Sold
Bloomberg and the FT have reported that plans have been put forward for up to 22 Comet stores to be closed according to sources.
Electrolux Increase Prices
Electrolux plans to increase prices for appliances in the European market by 5-7%, effective as of October 1, 2011. The price increases will offset increasing costs for raw-materials and transportation.
Beko Recall Fridge Freezers For Overheating Risk
The Blackburn Citizen reports that a pensioner said his fridge could ‘explode’ after receiving a letter from Beko informing him of a fault.
BSH To Invest 300M Euro In Çerkezköy
Home appliance giant BSH has kicked off the first phase of its 300 million euro investment in Tekirdağ’s Çerkezköy and the company expects to hire 1,000 employees within the next three to five years.