Schulthess is Swiss Brand of the Year 2023/24 – Swiss Brand Monitor is an online survey. Consumers aged 18 to 82 were asked about their experiences with various brands. 190,000 customer opinions were obtained. Schulthess received the “Outstanding Quality” award for customer satisfaction.
SMEG launch new freestanding NovaCare washing machine, washer dryer and heat pump dryers. Stand out features include machines offering energy efficient modes, automatic detergent dosing systems, steam cleaning, as well as programmes for those with allergies.
Smeg’s freestanding range also benefits from full 5 year warranty for total piece of mind and can be stacked using the Smeg stacking kit
Haier have successfully installed solar panels in their dishwasher factory in Eskişehir, Turkey
By producing clean and renewable energy, we are estimated to cover approximately 60% of the total energy consumption expected for Haier dishwasher and tumble dryer factories in Turkey.
Haier believe that product sustainability is not just about the materials but also the energy required for manufacturing. This is why they plan to expand the solar panel project to other plants, in line with our target of having 60% renewable energy across all the company’s controlled sites by 2025.
LG announced its financial results for the year 2023, disclosing a consolidated revenue of KRW 84.2 trillion and an operating profit of KRW 3.55 trillion. This marks the third consecutive year of achieving record-breaking annual revenue. The operating profit is also solid, approaching levels seen during the prior period of pent-up demand.
Despite challenging external factors such as an economic slowdown and reduced demand, LG’s core business of home appliances and the burgeoning vehicle components business have demonstrated remarkable resilience, maintaining continuous growth for eight consecutive years. The combined revenue of these businesses exceeded KRW 40 trillion last year, a substantial increase from KRW 18 trillion in 2015. Over the same period, the proportion of these two businesses in the total revenue has risen from 32.5 percent to 47.8 percent.
The performance is attributable to LG’s strategic efforts to enhance its business portfolio. The company successfully expanded its B2B business by identifying market turning points early on and integrated new business models, including subscription services, into existing frameworks. Furthermore, LG’s innovative content and service business model, leveraging its extensive user base of hundreds of millions of products globally, has also contributed to securing robust profitability.LG Home Appliance & Air Solution Company achieved an annual revenue of KRW 30.14 trillion, marking eight consecutive years of growth and ushering in the era of KRW 30 trillion. Introducing new business models including subscription services and expanding the B2B share in areas such as HVAC, components and built-in solutions contributed to this growth. The operating profit recorded an increase of over 76 percent compared to the previous year, reaching KRW 2.08 trillion.
In the coming year, the Company will accelerate a shift in its business model towards future readiness, including Direct-to-Consumer initiatives. It aims to expand the deployment of home appliance operating systems and extend subscription services to international markets. Additionally, there will be a swift progression in building smart home solutions that reflect the value of “Zero Labor Home.” In terms of products, the Company will seek to maintain its strategic approach of solidifying the premium leadership of key products, such as washing machines and refrigerators, while swiftly expanding region-specific lineups. To sustain continuous growth in the B2B sector, especially in areas like HVAC, the Company plans to strengthen its capabilities by establishing a complete, local business operation that encompasses product development, production and sales, with a focus on the evident electrification trends in regions such as North America and Europe.
Maurizio David Sberna leaves the role of Senior Director Communications, CSR & Government Relations for Europe, Middle East, Africa of Whirlpool Corporation. With the de facto green light from the English Antitrust, Sberna’s work, which arrived in Whirlpool EMEA three years ago, has come to an end: the sale of Whirlpool’s European activities to the new majority-owned company of Arçelik no longer fears obstacles.
Currys could soon find itself the centre of a bidding war as Chinese online shopping giant JD.com considers making a takeover offer and Waterstones owner Elliott reviews its bid.
The Chinese ecommerce giant said on Monday that “it is in the very preliminary stages of evaluating a possible transaction that may include a cash offer for the entire issued share capital of Currys”. Elliott is understood to considering making a new cash bid for the electricals retailer after its initial £700m offer was rejected on Friday.
Haier US Appliance Solutions Inc. won dismissal of multiple claims in a proposed class action over air emissions from gas stoves made by its GE Appliances unit, but must defend a claim of breach of implied warranty of merchantability.
Frasers Group has increased its stake in electricals retailer AO World as it launches an £80m share repurchase programme.
The retail group said on Monday that it intends to buy back up to 10 million shares, worth 2% of the company, over the next 11 weeks to 28 April with support from investment banking group Deutsche Numis
Frasers continues its acquisition spree with the group increasing its holding in AO from 23.07% to 24.7% on Tuesday.
The retail empire first snapped up a 19% stake, worth £75m, in the Bolton-based online retailer back in June.
Frasers also holds shares in AO rival Currys, which it said was part of a “strategic investment” as it looks to increase its “foothold in the electricals industry”
Electrolux, a renowned name in home appliances, has recently unveiled its latest offerings in the air purification domain: the **Pure Multi 300** and **Pure Multi 500** air purifiers. These compact devices pack a punch when it comes to cleaning the air in your living spaces.
**Key Features:**
1. **Advanced Filtration**: Both the Pure Multi 300 and 500 models are equipped with **HEPA filters**, capable of capturing up to **99.97% of airborne particles** as small as **0.3 microns**. The Pure Multi 300 employs a **3-step filtration system** with a carbon pre-filter, while the Pure Multi 500 takes it up a notch with a **4-phase system** that includes an additional activated carbon filter.
2. **Efficient Circulation**: The innovative **spiral outlet design** creates a powerful vortex, ensuring efficient air circulation. In just **11 minutes**, these air purifiers can purify a room of up to **10 square meters**.
3. **Whisper-Quiet Operation**: Worried about noise? Fear not! Even in **silent mode**, the sound level remains at a mere **20 decibels**, allowing you to keep the air purifier running while you sleep peacefully.
4. Smart Connectivity: The EPO50371UG model stands out with its connectivity features. It provides real-time data on air quality and allows remote activation of various programs. Stay informed and take control of your indoor environment effortlessly.
5. Bacteria Neutralization and Virus Filtration: Electrolux’s air purifiers are not just about particles. They go the extra mile by neutralizing 99.99% of bacteria and effectively filtering out 99% of airborne viruses.
6. PureSense Technology: The **EPO30311UG model** boasts an advanced **IR particle sensor** through its PureSense system. It continuously monitors air quality and dynamically adjusts the fan speed based on real-time measurements.
In summary, Electrolux’s Pure Multi 300 and 500 air purifiers combine cutting-edge technology, compact design, and powerful performance to create a healthier and fresher indoor environment.
intervention of the ÚOHS, which already changed the Czech home appliance market at the end of January 2022, has its result after more than two years of waiting. The Antimonopoly Office fined Electrolux Swedish manufacturer over 125 million crowns. The company admitted to violating competition rules and cooperated with the authority. Nevertheless, it received a record fine – the press release states that Electrolux was proven to have engaged in long-term price-fixing activity, at least from 2012 to the fall of 2021. The text also mentions that the authority is dealing with five more proceedings in this area of the market. In the last two years, its representatives have visited companies such as Beko, HP Tronic and K+B Progres. And also to the FAST ČR wholesaler, which was already fined 30 million last May, as we wrote here . At Electrolux, the intervention of the Office for the Protection of Economic Competition already led to fundamental personnel changes two years ago. In addition to the management of the local representative at the time, two of the three sales teams also ended. Since then, the company has changed significantly in terms of personnel. From September 2022, it will be headed by Jan Rožek
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