Bloomberg reports that Kesa Electricals may need a specialist restructuring firm to buy its U.K. Comet chain or to discard more of the unprofitable unit’s stores to placate activist investor Knight Vinke Asset Management LLC, analysts say.
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
Google Plans Dishwasher?
Seriously. We’re not kidding this is a real story as it has been reported that allegedly Google plans a move further into the homes by announcing a project known as Project Tungsten at a recent developer conference. It would seem that Google fancies approaching the household appliances …
Whirlpool vs LG, Round One To Whirlpool
This whole debacle is actually quite amusing when you’re sitting on the sidelines watching the war of ongoing press releases from the two global giants slugging it out in court and, you can’t help but get the feeling that it’s all a big advertising exercise but we’ll print some of the PR blurb an…
Whirlpool Invests More In Brazil
Whirlpool have recently announced a 30% hike in its investments in Brazil for 2011. The company’s total investment in the Latin American country amounted to about $180 million last year.
Indesit Releases Financial Results, Profits Rise
Shareholders of appliance maker Indesit Company approved its 2010 financial statements, reporting a 2010 net profit of €90 million, compared with €35 million in 2009.
Comet Sell Off Inevitable?
Since the publication of a blog post on Sky News by Mark Kleinman the rumours circulating about the sell off of the beleaguered electrical retailer Comet have been set alight leading to further speculation that the retailer will, at some point, be sold off to the highest bidder. It would appear t…
Comet MD Leaves
Reuters have reported today that Kesa Electricals who operate as Comet in the UK and are Europe’s third-biggest electricals retailer said that Hugh Harvey, managing director of its Comet business in the UK, has left the firm.
Electrolux Profits Take A Tumble
Electrolux says its net profit fell by 50 percent in the first quarter amid unfavorable currency exchange rates, price pressure and increased raw-material costs.
Zanussi Launch A New Washing Machine With JetSystem+
Zanussi says that their new ZWJ14591W provides the cleanest, most economical and efficient performance possible by automatically adjusting water consumption, energy and cycle time to suit the laundry load size. More of the press release follows.
LG Launch Smart Fridge
Not to be outdone by Samsung’s smart fridge release, LG Electronics on Tuesday unveiled a refrigerator which suggests recipes as it forecast a bright future in the potentially lucrative market for “smart” household appliances.