Turkish appliance manufacturer Arçelik has reported a net loss of TRY 6.2 billion for the third quarter of 2026, alongside falling sales and lower profitability.
The Beko owner recorded revenue of TRY 139 billion for July to September, down 14% year on year from TRY 161.4 billion. Revenue was affected by weak demand, pricing pressure and challenging international market conditions.
Is Currys the Next Target in Europe’s Electricals Shake-Up?
Consolidation is sweeping through European consumer electronics retail, and Currys may be the one major player left on the sidelines.Analysts at RBC Capital Markets think there is room for more deal-making in the sector. They’ve kept their “outperform” rating on Currys with a 195p price target, roughly 32% above its 148p share price on 22 October.
Continue readingBosch 800 Series Cooktop and Dishwasher Win Good Housekeeping 2027 Awards
Bosch Home Appliances has secured two wins in the Good Housekeeping 2027 Kitchen Awards, with its 800 Series 36-inch induction cooktop and 24-inch dishwasher recognised for their performance and innovation.
The induction cooktop features AutoChef technology, which automatically regulates cooking temperatures, alongside SpeedBoost and 17 power levels for precise heat control.
Whirlpool Reports Third-Quarter Loss as Sales Decline
Whirlpool Corporation has reported weaker third-quarter results, with falling sales and rising costs putting further pressure on profitability.
The US appliance manufacturer recorded net sales of approximately $3.68 billion, down 8.8% year on year, and an adjusted loss of $0.21 per share. Its ongoing EBIT margin fell to 2.6%, from 4.5% a year earlier.
Media MarktSaturn Opens Door to Independent Retailers
Media MarktSaturn is launching an omnichannel partnership programme in Germany, allowing independent retailers to operate stores under the MediaMarkt brand.
Partners will manage day-to-day operations, including staffing and local marketing, while the group retains control of pricing, product ranges, promotions, logistics and digital integration.
Ex-Dyson India MD Ankit Jain Launches Foundry
Ankit Jain, the former Managing Director of Dyson India, has launched Foundry, a consumer technology company building premium home appliances on proprietary, patent-pending technology. The company has raised ₹12 crore in pre-seed equity funding.
Continue readingAriston Relaunches Brand Across MEA Region
Ariston is launching a major brand relaunch across the Middle East and Africa, fronted by Italian chef Massimo Bottura.
The campaign will promote Ariston’s home appliance range through digital marketing, PR and retail activity, highlighting Italian heritage, innovation and everyday convenience.
The rollout begins at the end of October 2026.
Q3 Profit Slump at Hisense Highlights Margin Squeeze Facing Major Appliance Makers
Fresh financial results from Hisense Home Appliances have cast a clear spotlight on the compounding cost pressures currently hitting global white goods manufacturers.
Reporting its third-quarter performance, the appliance giant revealed a sharp 74% year-on-year drop in net profit attributable to shareholders, dropping to CNY 191 million (approx. $28.6 million / £22.6 million). Cumulative profit for the first nine months of the year fell 34.2% to CNY 1.849 billion, despite posting substantial revenue of CNY 67.014 billion.
LG Commercial Laundry Global’s update at EXPOdetergo
LG Commercial Laundry Spotlights Smart Operations and Efficiency at EXPOdetergo 2026
Milan has played host to some of the biggest advancements in commercial textile care as EXPOdetergo International 2026 gets underway. Among the key industry players making waves on the exhibition floor is LG Commercial Laundry Global, showcasing its latest lineup of professional washing and drying technologies aimed at redefining modern laundry businesses.
Continue readingElica Opens Ariafina Laboratory in Tokyo
New innovation hub will bring together product development, testing and collaboration with architects and interior designers
Italian appliance manufacturer Elica has strengthened its presence in Japan with the opening of Ariafina Laboratory, a new innovation and co-creation hub in Tokyo designed to support the development of premium kitchen solutions.
Located in Roppongi, one of Tokyo’s established design districts, the facility is aimed at property developers, architects and interior designers, providing a dedicated space for product research, prototype testing and demonstrations.
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