Haier continues to establish itself as the number one consumer electronics brand in the world, according to leading consumer electronics brands published by Euromonitor International, a globally renowned research organization since 2021. For the 12th time, Euromonitor has been recognized as a leading global brand for basic devices according to Euromonitor data in recent years. Against the backdrop of growing international competition. Haier’s robust growth has garnered widespread attention, and industry analysts are keen to explore the driving forces behind Haier’s success. Haier is working to develop innovative and intelligent devices that consumers can use to communicate over the Internet. This enables multidirectional communication between consumers and various smart devices to create smarter life experiences.
Electrolux has ranked top of the Sustainable Brand Index
Electrolux has ranked top of the Sustainable Brand Index™ for the Home Appliances & Consumer Electronics industry in Sweden.
The Sustainable Brand Index™ is Europe’s largest brand study on sustainability, with more than 23,000 Swedish consumers being surveyed for this year’s ranking.
Sustainable Brand Index™ is Europe’s largest brand study on sustainability. The study measures the perception of stakeholders on a brand’s sustainability across industries and countries. With the help of more than 60 000 consumers across 8 countries, the study measures and analyses over 1 400 brands across 34 industries on sustainability.
Before the barbecue season starts,Miele takes 75.1% stake in Otto Wilde Grillers
Miele takes 75.1% stake in premium gas grill specialist Otto Wilde Grillers GmbH. The startup from Düsseldorf is one of the promising suppliers of innovative high-end grills and accessories. Their G32 Grill, for example, can be conveniently paired with your smartphone which allows you to adjust temperature or group the burners for the perfect steak while you are comfortably relaxing on the terrace. Thus, Miele enters the growing future market of outdoor cooking.
New Elica CEO.
Giulio Cocci appointed Elica CEO.
Current Elica CFO and executive with over 20 years of international experience in the home appliances industry.
Take Your Spring Cleaning to the Next Level with Samsung’s Latest Home Appliances
Baraldi’s Eva New Hood
Eva is one of the most innovative hoods created by the Italian company Baraldi. It is a hanging model, characterized by a refined modern design with a conical shape.
Available in stainless steel, white or in the new and surprising oriental gold color that gives prestige to the most important kitchens. Equipped with a latest generation engine of 800 m3 / h and high power LEDs, it is controlled by a remote control. Filtration takes place through carbon filters or with the hi-filter which can be washed and regenerated for a total duration of up to 3 years.
Tempo takes on distribution of Hoover Australia & New Zealand
Tempo has been appointed the distributor for Hoover appliances across laundry, dishwashers, cooling and cooking categories for Australia, New Zealand, Papua New Guinea and Fiji, effective 1 April, 2021.
Sincold acquired by Italian oven manufacturer
Tecnoeka , a leading company in the production of professional convection ovens, present in more than 100 countries in the world and for over 40 years in the professional kitchen equipment market, has recently completed the acquisition of ATOSrl, the company that owns the SINCOLD brand , from over twenty years recognized as a symbol of quality in the production of blast chillers and refrigeration equipment. The new corporate structure has been operational since March 2021 . In this way the two realities will be able, despite their autonomy, to combine distribution activities both in the world of professional cooking and in the refrigeration market where jointly they will be able to express a strong synergy in the sign of Made in Italy.
A first important initiative was the creation of the new “SINofCOLD” brand, with a view to full continuity of activities from a technological and production point of view.
Conair Corporation To Be Acquired By American Securities
Conair Corporation, a global leader in premium kitchen electric appliances, non-electric kitchenware, personal care, grooming, health and beauty products, and American Securities LLC, a leading U.S. private equity firm, announced today that Conair has entered into a definitive agreement to be acquired by affiliates of American Securities. Financial terms of the transaction were not disclosed. Certain members of the Rizzuto family will retain a minority ownership in Conair.
Based in Stamford, CT, Conair’s iconic brands include Cuisinart®, Conair®, Babyliss®, Scunci® and Waring®. Founded in 1959 by Leandro Rizzuto, the Company started as a small hair appliance company. Today, Conair sells its products in more than 120 countries across six continents.
“I am proud to continue the journey I started under Mr. Rizzuto more than 40 years ago that helped us grow our iconic brands into a world class, diversified global company proudly sharing our products in millions of consumers’ homes,” said Ron Diamond, Conair’s President. “The partnership with American Securities will allow us to continue our evolution with a focus on new product development and an acceleration of our M&A activities while continuing to bring efficiencies to our operations.” Following the consummation of the transaction, Mr. Diamond will become President and CEO of Conair.
“We are excited to partner with Ron and the rest of the Conair management team as they continue to execute on a strategy to expand on the exceptional brand portfolio that consumers love all over the world,” commented Kevin Penn, a Managing Director of American Securities. “The Company’s scale, best-in-class product offering, supply chain capabilities, and strong management team creates a sustainable competitive advantage and makes Conair a strong fit for our investment strategy,” added Helen Chiang, a Managing Director of American Securities.
Paul, Weiss, Rifkind, Wharton and Garrison, LLP served as legal counsel to Conair and Weil, Gotshal & Manges LLP served as legal counsel to American Securities with respect to the transaction. Sawaya Partners LLC and PJ Solomon acted as financial advisors to Conair with respect to the transaction.
About Conair
Based in Stamford CT, with operations worldwide, Conair is a leading designer, manufacturer, and marketer of branded personal care and small kitchen appliances, cookware, hair brushes & accessories, cosmetic bags, and travel accessories. For more information, visit www.conair.com.
About American Securities
Based in New York with an office in Shanghai, American Securities is a leading U.S. private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion and/or $50 million to $250 million of EBITDA. American Securities and its affiliates have approximately $23 billion under management. For more information, visit www.american-securities
Fagor becomes a partner of the Atletico Madrid women’s football team.
Fagor domestic appliances has signed a sponsorship agreement with Atlético de Madrid and its women’s team. The pioneer brand in Spain with more than 65 years of experience, thus becomes the new club sponsor for this season and the next three.
The presentation ceremony for this new commercial agreement took place at the Wanda Alcalá de Henares Sports Center. At the event were present, Lola Romero, director of the Feminine, the players Deyna and Ludmila, and Vicente Sánchez, general director of Fagor Electrical Appliance.
Lola Romero welcomed her new partners: “For our club, the union of this new sponsor with our first team represents the best synergy that can be found with an innovative brand such as Fagor.”
For his part, Vicente Sánchez, CEO of Fagor Electrical Appliances, said: “Fagor is a brand recognized in Spain and with a great heritage and on the other hand we support the great passion that we have in Spain for this sport. Thus, we see in Atlético de Madrid and its women’s division values and a trajectory that connect very well with our brand and will help us to make it even more recognizable. We share this passion and enthusiasm at all levels ”.
The new Fagor white goods began to be marketed in Spain in the first quarter of 2020 after the agreement signed by the international group Amica, current owner of the Fagor Electrical Appliance brand
