Samsung Electronics Co., Ltd. has been recognized for the fourth consecutive time as a “Global Top 5” by Interbrand, an international brand consultancy that annually releases its “Best Global Brands” ranking. On this occasion it was also announced that the Samsung brand has reached a value of 91.4 billion dollars, equal to a growth of 4% year on year.
Samsung follows Apple, Microsoft, Amazon and Google and is the first non-US brand, surpassing Toyota, Mercedes and Coca Cola.
EU looking to strengthen right to repair consumer goods instead of replacing them
The EU is seeking to adopt new measures to strengthen the right to repair goods instead of replacing them, in an effort to reduce the environmental impact of mass consumption.
Parliament adopted its position on a stronger “right to repair” for consumers earlier with 590 votes in favour, 15 against, and 15 abstentions.
The proposal aims to encourage more sustainable consumption by making it easier to repair defective goods, reducing waste and supporting the repair sector.
Suggested changes would require sellers to prioritise repairs should they be cheaper or equal in cost to replacing items.Consumers will have the right to request repairs for goods like washing machines, vacuum cleaners, smartphones and bicycles, even if the guarantee has expired.
MEPs also want producers to offer replacements “on loan” for the duration of the repair. If a product cannot be fixed, a refurbished one could be offered instead.
Haier open shop in Turkey
The opening of the new Haier shop-in-shop at the Mediamarkt Tech Arena concept store in Istanbul! This shop-in-shop offers a unique approach to showcase Haier’s technological leadership, sophisticated design, and premium experiences.
With plans to open a Haier flagship store in the future, Haier look forward to bringing modern design, tailor-made, and highly customizable smart home technologies in Turkey over the next year
Hamilton Beach launches in the UK
Hamilton Beach, renowned for 100 years of innovation, is now available in the UK. It includes the Hamilton Beach Professional Juicer Mixer Grinder developed with Indian culinary experts and sold over 1 million units worldwide. This powerful appliance combines mixing and grinding performance to create smoothies, juices, nut butters, drinks, soups, sauces and more.
Hamilton Beach
Hamilton Beach, has announced a change in its business strategy i. The plan involves a shift from selling identical products to those sold in the US in China. Instead, the company plans to develop customised products adapted to the Chinese market, produce them locally and sell them in the future. A spokesperson for Hamilton Beach’s Chinese marketing department said they will use a Chinese team and suppliers to develop new products to meet the needs of local customers. Household appliances must be awarded a CCC certificate so that the products can be exported to China or manufactured locally.Although Hamilton Beach’s sales figures in China still lag behind those in America, the company is optimistic about winning Chinese customers with its new strategy. The home appliance manufacturer sees China as an important market with great potential. “The US market is the present, while China will be the future,” said a company spokesperson.
SMEG Omnichef
Introducing the Smeg’s innovative Galileo oven range Omnichef, the flagship model from This versatile oven seamlessly blends traditional, steam, and microwave cooking methods, with
150 automatic recipes for stress free cooking – Smartcooking
Innovative loading system to add water even when the door is closed – Fill&Hide
Set up to 3 different cooking technologies in sequence in the same recipe for amazing results – Multistep check out SMEG Galileo on you tube https://m.youtube.com/watch?v=fzh0sXtuQ-k
Enjoy authentic pizza at home with Küppersbusch
Discover the new pizza oven BP6332.0 and compact oven CBP6332.0 of Küppersbusch that will become the perfect help to achieve the authentic Pizza Da Trattoria that anyone craves, right in the comfort of home.
Feed up the appetite for a crusty pizza with the unique pizza function with 340° C temperature and in only 3 minutes! Ingenious accessories like the baking stone, that’s inclusive, will help to back pizza or even bread or tarte.
These ovens will guarantee the ultimate professional results of an authentic brick oven.
AO profit
AO World swung to profit in its half-year results as it removed unprofitable sales and introduced charges on all deliveries.
The electricals retailer made a £13m pre-tax profit, compared to a £12m loss last year as it upgraded its profit guidance from £28m to between £28 to £33m for the year.
Adjusted EBITDA rose from £9m last year to £27m for the six months ended 30th September 2023.
Sales fell 12% to £482m as a result of it stripping out unprofitable sales, however it expects to return to revenue growth by the end of the year.
The retailer’s gross margin improved to 23.5% compared to 19.5% last year.
Spear & Jackson enter the heating market
Benross introduce its latest innovation, the Spear & Jackson Heating range, which is designed to complement the recently launched Air Zone range.
The range is produced under an exclusive brand licence between Benross Marketing Ltd and Spear & Jackson UK Ltd
The Spear & Jackson Heating range has been developed to offer a stylish and modern solution to electric home heating, and includes 1500w and 2000w wall mounted panel heaters, portable ceramic PTC heaters and an oscillating tower fan heate
Morphy Richards
Morphy Richards, a renowned brand known for its high-quality, British-style, and innovative products, has announced a strategic brand upgrade to support business growth in the medium and long term. In collaboration with globally recognized strategic consulting firm Prophet, Morphy Richards aims to pinpoint its core competence and devote to the best path for sustainable growth. The goal is to allow consumers get a different life experience brought by Morphy Richards products.
Established in 1936, Morphy Richards is a time-honored brand. As a historic British brand, Morphy Richards has a presence in a number of countries across Europe and Asia. Specializing in small household appliances, Morphy Richards has deeply cultivated the kitchen and living appliances sector. The brand upgrade aims to enhance brand influence, steer the direction of product development, and improve performance. As part of this strategic initiative, Morphy Richards is now actively recruiting business partners who share the same growth goals. Organizations and individuals interested in partnering with this time-honored brand are invited to make contact.
“In the post-pandemic world, the most relevant brands speak to consumers’ heads and hearts by offering dependable, consistent, and delightful product innovations and branded experiences. We are honored to partner with Morphy Richards to unlock the next wave of uncommon growth across more and more markets,” said Jolin, Associate Partner of Prophet. A growth and transformation consulting firm that helps leaders unlock uncommon growth, Prophet has 15 offices and over 600 strategists, data analysts, marketers, digital experts, and creatives worldwide, partnering with multiple companies to develop solutions that drive lasting impact and help move society forward.
“We have a truly unique opportunity. In the UK, Morphy Richards has 86% brand recognition which is up there with industry-leading global brands! With the right products and a great team, I am confident that we can re-establish Morphy Richards as the envy of the industry,” said Rob Wileman, Managing Director of Consumer Brands Limited, which has become the official licensee of Morphy Richards in the UK in 2023.
About Morphy Richards
Morphy Richards, a premium and innovative small appliance brand, was established in the UK in 1936. For more than eight decades, Morphy Richards has been committed to infusing smart ideas and quintessential British style into the kitchens and everyday lives of families.
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