V-ZUG UK announce the launch of a new 360-degree tour of the V-ZUG London Studio.
Providing customers and partners with even greater access to their beautiful Studio, this is yet another way to showcase the most forward-thinking appliance brand, highlighting what makes v-ZUG different.
Come take a virtual tour and experience the V-ZUG difference like never before https://www.vzug.com/ymedia/gb-360-tour-zugorama/
Category Archives: Retail suppliers
Miele UK Professional unveils revamped test wash experience centre
The Test Wash facility experience centre offers businesses the chance to see and experience Miele Professional’s commercial laundry machines in action. The facility has undergone a complete redevelopment to create a fully functional showroom that showcases the capabilities of Miele’s professional equipment.
The facility is located at Miele’s headquarters in Abingdon, Oxfordshire, and is designed to cater to businesses in various industries, including lab, medical and dental, as well as hospitality and care markets. By allowing businesses to try out the machines before making a purchase, Miele aims to provide them with the confidence and assurance they need to invest in its products.
The Test Wash facility experience centre is equipped with state-of-the-art Miele Professional laundry machines, which are specifically designed for commercial use.
Haier new London centre
Haier UK has opened a Design Activation Centre in London – the third of its Centres in the UK and the first in the South of England.
Inieuro financial
Unieuro S.p.A. is the largest Italian retailer of consumer electronics and household appliances by number of outlets, with a network of 460 stores throughout Italy.Unieuro closed the first quarter of the 2023/24 financial year (i.e. the months of March, April and May) with revenues of €589.3 million: 3.7% less than in the corresponding period last year. The figure, the company points out, is in any case better than the market trend which contracted by 4.6% in the same period.
Frasers ups it’s stake in Currys
UK-based sportswear and fashion retailer Frasers Group has increased its stake in electricals retailer Currys.
Frasers raised its stake in the company from 10.4% to 11.1%. Financial terms of the transaction have not been disclosed.reported last week that Currys was exploring “a number of avenues” for possible partnership with Frasers.
Currys & Frasers
Currys boss Alex Baldock has warned price increases are set to continue as the electricals retailer looks to safeguard its profit margin.Discussions about a possible tie-up with shareholder Frasers, which widened its stake in the business to 10.4% last week.“This is a potentially interesting partnership,” he said, “There are a number of avenues that we’re exploring.”
Currys results
This morning Currys PLC have announced Full Year results for FY22/23, with group adjusted profit at the top end of guidance. Alex Baldock, Group CEO: “We’ve had a very mixed year. Our strengthening UK&I performance shows our long-term strategy is working well. But our long track record of success in the Nordics was brought to an abrupt halt. I’m proud of how our colleagues rose to this challenge, continuing to bring the benefits of technology within easy reach of millions of customers. Our long-term confidence is undimmed, with a business well set to benefit from an eventual macro recovery.”
Electrical retailer Hughes invests £750k in upgrading facilities in Ipswich
electrical goods retailer has completed £750k worth of works on its Ipswich premises to create a “state-of-the-art” facility.
Around 150 people now work at the 33,000sq ft Hughes Electrical plant on Felixstowe Road – which houses departments including a call centre, web management, a trade outlet, a retail shop and a depot.roof of the building now supports 774 solar panels capable of producing up to 301kW of energy as part of the firm’s commitment ot net zero customer deliveries.
Hughes – which has owned the site since 1998 – said it had made the investment for several reasons.”It is the perfect location to develop a business hub, for now and the future, serving a vital geographical area for our business,” he said.
“We want to be an integral part of its development and growth.
“We see it as both a cultural and operational centre for Hughes. It is also the ideal location for our newly created rental call centre, underlining the importance of the rapidly growing rental side of our business.”
The site is set to become the base for trialling electric vans, and will also see the installation of large batteries to store electricity generated from the solar panels.family-owned company, started just over a century ago, is the country’s fourth largest specialist electrical retailer and the biggest provider of home entertainment and kitchen appliance rentals.
It has stores in Lincolnshire, Norfolk, Suffolk, Essex and Cambridgeshire
Frasers getting into appliance retail
Frasers has upped its stake in AO World and Currys as it continues its acquisition spree.
The Mike Ashley owned group raised its holdings in the Bolton-based online electrical retailer for the third time this month to 22.2% from 21.3%.
It also lifted its shareholdings in Currys to 10.4%, which it said last week was part of a “strategic investment” as it looks to increase its “foothold in the electricals industry”.
Frasers acquires stake in Currys
Frasers Group, the retail empire founded by billionaire entrepreneur Mike Ashley, has snapped up an 8.9% stake in Currys, with the news coming a little over a week after the group acquired a substantial portion of online electricals retailer, AO World.
Frasers’ shareholding in Currys is worth around £53.5m given the firm’s market capitalisation of £601.9m.
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