Panasonic Holdings plans to shed about 10,000 jobs, or about 5 percent of its global workforce. The move is part of a drastic overhaul focusing on unprofitable businesses.The firm is considering selling its TV business and breaking up a unit that specializes in home appliances, air conditioners and lighting.
Author Archives: whitegoodsnow
LG financial
LG Electronics is off to a strong start in 2025 with record first-quarter financial results. The South Korean company announced consolidated revenue of KRW 22.74 trillion and operating profit of KRW 1.26 trillion, marking a new all-time high. Its Home Appliance Solution division, the strategic core of its business, also recorded unprecedented performance, with revenue up 9.3% and profit up 9.9%.
In an increasingly competitive market, LG continues to innovate by expanding its product offering, optimizing its operational chain, and developing connected services. These initiatives aim to strengthen its position in the B2B segment and capitalize on new consumer expectations for smart home technology.
Alongside these strong results, LG is excited to announce the renewal of its partnership with chef Hélène Darroze for 2025. With six Michelin stars, she continues her role as ambassador for the LG kitchen range, a partnership born in 2024 and praised for its consistency between culinary excellence and technological performanceThe year promises to be rich in projects centered around this collaboration: exclusive recipes, sharing of tips, and demonstrations of flagship technologies like AirFry, 100% steam cooking, and EasyClean express cleaning. The InstaView innovation, which allows you to see the inside of appliances with a simple gesture, will also be highlighted, as will the LG ThinQ app, for connected and responsible management
How appWash is Revolutionizing Laundry Services
What began as a groundbreaking idea in 2019 has rapidly evolved into a thriving success story!
Founded by two former Miele employees, appWash has emerged as a dynamic startup, achieving remarkable revenue growth in just five years. With its innovative **‘Laundry-as-a-Service’** model, appWash is reshaping shared laundry spaces—offering fully digitalized, hassle-free solutions for operators and users alike.
The company’s strong connection to **Miele Professional** remains a key factor in its success. appWash relies on Miele’s high-performance machines—particularly the renowned **‘little giants’**—which deliver household-sized loads with the durability and efficiency required for commercial use.
📈 **Impressive milestones:**
– **300,000 users**
– **Double-digit million-euro revenue**
– **Operating in more than 20 countries**
Under the **appWash** brand, the company equips laundries in **student residences, multi-family buildings,** and, most recently, **campgrounds**, expanding its reach across diverse markets.
💡 **A simple yet transformative concept:** A fully digital platform where appWash provides both hardware and software, enabling users to book available washing machines and dryers via the app and pay cashlessly—bringing convenience and efficiency to laundry services.
This is a perfect example of how technology can redefine everyday tasks, making them smarter and more accessible for all.
LG new Indian factory
LG Electronics India Ltd. announced the commencement of construction of its new manufacturing facility in Sri City, Andhra Pradesh.The new plant is expected to commence operations by the end of 2026.
The facility will manufacture a diverse range of products, including AC compressors, refrigerators, washing machines and air conditioners.
Beko Australia and New Zealand
Beko Australia & New Zealand has marked a dual milestone with the official opening of its renovated support office in Ormeau, Queensland, and the appointment of a new managing director Jim Kalotheos taking the role of Managing Director of Beko ANZ, succeeding John Brown, who retired after more than eight years in the role
Shark Ninja growth
Shark Ninja reports the 8th consecutive quarter of double-digit revenue growth as they continue building momentum across global portfolio and delighting consumers around the world. In Q1, net sales rose 15% year-over-year to more than $1.2 billion. They remain laser-focused on expanding into new markets, driving category growth, and delivering breakthrough products that solve real consumer problems with unmatched performance
Midea and Hisense Forge Strategic Partnership for AI and Smart Manufacturing
Chinese home appliance giants Midea Group and Hisense Group have joined forces in a strategic partnership, paving the way for collaboration across multiple fields, including artificial intelligence applications, global advanced manufacturing, and smart logistics.
Leveraging their strengths in digitalization, both companies will work extensively on AI application platforms, focusing on the integration of AI agents in sectors like manufacturing and logistics. The partnership also extends to key initiatives such as green factories, industrial internet advancements, and global production capacity optimization.
In the realm of smart logistics, Midea and Hisense aim to upgrade and enhance platforms by improving the synergy between production and logistics, refining intelligent warehousing systems, and boosting supply chain efficiency—all to streamline inventory management and optimize operations.
Red Dot Awards to Candy, Hoover and Haier
Haier Europe has confirmed its position as a major player on the international design scene by winning four prestigious Red Dot Awards. The awards went to two innovative Candy products – the Candy Bake 800 oven and the Candy Fresco 500 refrigerator, to the Hoover HF2 vacuum cleaner, and the Haier I-Master Series 7 small kitchen appliances line.
With over sixty years of history, the Red Dot Award is one of the most influential international awards dedicated to product design, evaluating excellence in aesthetics, functionality, and innovation. The Candy, Hoover, and Haier brands once again stand out for their ability to combine advanced technology, style, and a deep understanding of real consumer needs. The four award-winning products
Beko successfully completes €125 million loan
10-year loan strengthens capital structure and supports strategic development
Agreement with SACE, Italy’s export credit agency and insurance-finance group, fully owned by the Ministry of the Economy and Finance. enhances opportunities for Italian supply chain partnerships and economic cooperation.
Ecomatic Egypt: Elevating Kitchen Solutions with Quality & Innovation
It all began with a simple yet powerful question:
Why shouldn’t every Egyptian home have access to high-quality, reliable kitchen solutions?
That question ignited a mission—one that led to the creation of Ecomatic.
Proudly born in Egypt and crafted with premium Italian and German components we’ve spent over a decade dedicated to quality, functionality, and designs tailored to real kitchens.
Today, Ecomatic stands as Egypt’s leading provider of built-in kitchen solutions, offering the widest range under a single brand all backed by a 10-year warranty for lasting confidence.
