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.
LG Electronics starts operation of factory in US
LG Electronics has completed the construction of a washing machine production line at its home appliance factory in Tennessee, U.S., and started operations.
With this, LG Electronics is now able to produce all laundry appliances in the U.S., from washing machines and dryers to wash towers. The company is aiming to build a state-of-the-art twin factory in the U.S., identical to its mother factory in Changwon in Korea to proactively respond to global changes such as the supply chain crisis.
According to industry sources on Sunday, LG Electronics completed the expansion of a new wash tower line at its Tennessee factory on Dec. 12 and started operations. The production capacity of the new wash tower line is 20,000 units per month, or 240,000 units per year, according to the company.The Tennessee plant, along with the Changwon plant, was selected as a lighthouse factory by the World Economic Forum (WEF). A lighthouse factory refers to a factory that introduces advanced technologies to brighten the future of global manufacturing. LG Electronics’ Tennessee plant is the first overseas production base of a Korean company to be selected as a lighthouse factory.LG Electronics has been focusing on diversifying its production bases outside of the U.S. Last year, it built a refrigerator manufacturing facility at its Hai Phong plant in Vietnam. Refrigerators made in Vietnam are sold not only to the domestic market but also to the Philippines, Thailand, Indonesia and Taiwan.
LG Electronics also has home appliance production factories in Noida and Pune, located in the western part of India, a rapidly emerging market. The company invested approximately 30.4 billion won ($23.72 million) to expand the production line for premium double-door refrigerators.
BORA Grill pan
Introducing the BORA grill pan – a game-changing addition to your kitchen!
Compatible with ourBORA cooktop extractor systems that have an induction surface, this versatile grill pan is perfect for all your cooking needs. Prepare to take your culinary skills to new heights. The BORA grill pan will be available for purchase online starting this July
Haier customize a washing machine
Home appliance giant Haier Group’s production base in Tianjin has hit upon a novel idea.Haier is offering consumers a chance to customize a washing machine remotely, just by using their mobile phones. Customers get to choose the functions, appearance and design of a washing machine without having to enter a physical store. Once they place an order, intelligent equipment at Haier’s interconnected factory automatically reads the information and starts production, tailor-made for each client.
It is using cutting-edge digital technologies, including 5G, artificial intelligence and big data, to improve the workshop’s productivity and cut energy consumption by more than 30 percent.
Whirlpool settles trade secrets case against exec who joined rival Haier
Whirlpool on Thursday agreed to drop a U.S. lawsuit against its former Italian executive Davide Cabri that accused him of stealing trade secrets for a move to its competitor Haier. Whirlpool and Cabri told a Delaware federal court they would dismiss the case with prejudice, which means it cannot be refiled. Whirpool said in a statement on Friday that the dispute had been resolved and that it was satisfied with the settlement.
Currys reviews Greek business
Currys has launched a strategic review of its Greek business Kotsovolos, which it said could lead to the sale of its operations.
The electricals retailer said it believes the strength of its Greek brand and long-term track record of profitability “are not currently reflected in the group’s valuation”.
Kotsovolos, which also has an emerging presence in Cyprus, has a unified commerce platform and an expansive range of products and servicesChief executive Alex Baldock said: “Currys’ performance is robust in UK&I, where our transformation is working, and we’ve taken action to drive a profitable recovery in the Nordics.
“Kotsovolos is an excellent business with a bright future, and now is the right time to assess how best to take Kotsovolos forward to maximise value for our shareholders.”
Last month, Currys revealed its Nordic operations were being investigated by the European Economic Area regulator over a possible violation of competition rules in Norway
Whirlpool group iF Design awards
Seven Whirlpool Group products received top honors for excellence in product design at the 2023 iF Design Award . Evaluated and selected by a high-profile international jury , Whirlpool, Hotpoint and KitchenAid have been awarded the prestigious iF Labels , confirming their innovative power and elegant high quality for the following exceptional products_
Home White & Ped
Whirlpool, Hotpoint and KitchenAid win 7 IF Awards
Refrigerators and dishwashers of the three Whirlpool brands, including the only brand with which the group will be present in Europe win the prestigious awards
Web editorial by Web Editor June 16, 2023
Whirlpool, Hotpoint and KitchenAid win 7 IF Awards
The Whirlpool Space 400 Total no frost fridge awarded at the iF Award 2023
Seven Whirlpool Group products received top honors for excellence in product design at the 2023 iF Design Award . Evaluated and selected by a high-profile international jury , Whirlpool, Hotpoint and KitchenAid have been awarded the prestigious iF Labels , confirming their innovative power and elegant high quality for the following exceptional products:
Scroll through the photos in the Gallery!
To be precise, it is
Whirlpool Space400 Total No Frost combined refrigerator
Whirlpool W Collection Total No Frost combined refrigerator
Whirlpool Maxispace Dishwasher
Whirlpool air purifier
Hotpoint 3D Hydroforce dishwasher
KitchenAid Total No Frost combined refrigerator
KitchenAid Freeflex dishwasher
SMEG Neptune Grey
Neptune Grey is a brand new colourway from Smeg’s popular aesthetic, Linea. Neptune Grey exudes sophistication and elegance with a perfectly balanced deep grey hue across a broad range of built-in appliances designed for top cooking and baking results at home
AGA Rangemaster Ltd made a pledge to reduce their carbonfootprint
During 2022 AGA Rangemaster Ltd made a pledge to reduce their #carbonfootprint. To achieve this a number of initiatives were identified through delivering excellence initiatives and working in collaboration with stakeholders from all sites we set about reviewing our processes, our reliance on fossil fuels and identifying innovative ways of saving energy and reducing our carbon footprint.
Many of the initiatives required little to no capital investment. Other projects included the replacement of fluorescent lighting and high intensity lighting with LED lighting. Theses initiatives and others will continue throughout 2023.
As a result of our efforts our year ending 2022 data has been externally verified and we have reduced our total t co2e by 917.6 tonnes. This is a superb achievement and AGA Rangemaster Limited would like to thank all those who have participated. The challenge is to reduce our t co2e even further during 2023 as we continue in the Race to Zero emissions.
Ninja woodfire
Ninja, is the 1 brand in small kitchen appliances in the U.S. helping consumers experience a world of flavors right from their backyards this summer with its new Ninja Woodfire™ Outdoor Oven, aiming to provide a world-class cooking experience all in one place, all in one oven, all outdoors.
“After years of extensive consumer research, we uncovered the need for outdoor appliances that could provide versatility, worry-free BBQ smoking and traditional smokey flavors without the flame or guesswork in the outdoor space,” said Neil Shah, Chief Commercial Officer at SharkNinja. “Our Ninja Woodfire family gives consumers the ability to achieve the quintessential woodfire flavor they crave conveniently and with ease. Now, with the Ninja Woodfire™ Outdoor Oven, consumers can not only grill and smoke, but take their culinary experiences to new heights that go beyond what they could achieve with a traditional indoor oven.”
WHITEGOODSNOW 