Elica S.p.A. announced the signing of an agreement to acquire a 28% stake in Steel Srl , an Italian company specializing in the production of range cookers and high-end outdoor solutions, with a progressive acquisition mechanism upon the occurrence of certain conditions.
This transaction strengthens the Elica Group’s presence in the premium cooking segment, accelerating its penetration of high-potential markets such as the United States and Canada. By October 2028, Elica will be able to acquire an additional 57%, bringing its stake to 85%.
Tag Archives: best range cooker
Thermidor Pro Harmony
Introducing the All-New Pro Harmony® Induction Range from Thermador. No other range moves like this, cooks like this or inspires like this. This isn’t just a range. It’s a revolution in the kitchen.
These new ranges come fully equipped with:
⚡️ PowerBoost®
⚡️ Full Access® Telescopic Racks
⚡️ HeatShift®
⚡️ MoveMode®
⚡️ Flexible cooking zones
Stoves update the Richmond range collection
Stoves have enhanced the Richmond and Richmond Deluxe range cooker collections
Investment has allowed us to introduce some innovative NEW features to our most popular range cooker collections.
The new collections are available in 90cm, 100cm and 110cm models with dual fuel, electric and induction options in a choice of Anthracite, Black and Cream.
Standout features of the Richmond and Richmond Deluxe collections include:
Flexible and increased capacity: Unique Quad Oven™ design on all 100 and 110cm models, plus on the 90cm Richmond Deluxe, thanks to the PROFLEX™ cavity splitter. Market leading tall Titan™ oven on the 90cm Richmond.
Accurate temperature controls: The easy-to-use TrueTemp Digital Thermostat, allows for adjustments in five-degree increments for increased control.
Innovative cooking accessories: including Steam & Infuse™, which adds moisture and flavour to dishes; Pro-Trac™ double extension telescopic sliders; an AirFry tray, cast iron griddle and full-width grill pan.
LPowerful hobs: On dual fuel models consumers can choose between five and seven burners, with a powerful 4kW PowerWok™ on the 100 and 110cm models.
Induction choices: Choice of three induction hobs. Five zone rotary or touch control induction hobs, with bridgeable zones, and the unique FreedomFLEX™ true zoneless induction system on the Richmond Deluxe 100 and 110cm.
Cleaning: Easy-Clean enamel and SteamCleanse steam cleaning.
Maxi-Clock™ LED touch control programmer: for easy programming and perfectly timed results
NEW 48” Platinum Induction range from BlueStar
BlueStar is bringing Pro to Induction! This range offers industry leading innovation including the durable matte finish cooktop, on the largest cooking surface with patent-pending power indicator lights. BlueStar delivers the power, precision and speed of an induction cooktop paired with the ideal oversized even heat convection oven. Endlessly customize with 1,000+ colors and 10 metal trim options.
BlueStar introduces New colour
Introducing the 2025 BlueStar Colour of the Year
Signal Brown brings a sense of richness
BlueStar® is proud to introduce its 2025 Colour of the Year, Signal Brown. The redness of this hue adds a caramel tone that brings a richness that appeals to our senses. The warmness of Signal Brown works well as a foundation and complements a broad spectrum of colours, like deep dark blues, softer beige tones, and neutrals.
Handpicked by the creative and visionary San Francisco interior designer Tineke Triggs, a seasoned expert with six San Francisco Decorator Showcases to her name. Her award-winning designs have graced the pages of renowned publications such as Architectural Digest, Elle Decor, Veranda, Dwell, Luxe, California Home & Design, Modern Luxury Interiors, California Homes, and Sunset Magazine
Elica invests in its future
Elica is forging ahead with its strategic investments, despite facing current market challenges. The launch of Elica’s expanded product line, dubbed “Extraordinary Cooking,” has been well-received by the media. Yet, the overall market conditions remain tough, and this is reflected in Elica’s first-quarter sales figures: a turnover of 117 million euros marks an 8.5% decrease from the same period in 2023, albeit a 4% increase from the preceding quarter. Despite a 6.9% uptick in the US market, it does not offset the sales slump across Europe and beyond, in both volume and value.
The Cooking division saw a 6.2% downturn, impacting even the Own brands segment, which had previously shown robust performance. The Motors division fared even worse, with an 18% decline.
Price pressures have significantly eroded profit margins, with adjusted EBITDA plummeting by 40% compared to the first quarter of the previous year. The net income also took a hit, landing at 440 thousand euros, a steep fall from the 3.9 million euros recorded in the first quarter of 2023.
Nevertheless, Elica’s leadership remains undeterred, securing a 70 million euro loan to fuel future growth initiatives.
Stoves have a winner
The Stoves Deluxe collection WON the Best Large Kitchen Appliance category in the Ideal Home Kitchen Awards!
Stoves Award winner
Stoves home appliances have won Best Large Kitchen Appliance in the Ideal Home Kitchen Awards for the Stoves Deluxe Collection the Deluxe range cookers combine functionality with style, with market-leading technology to allow our customers to cook with confidence.
ILVE relaunch in Australia and New Zealand
ILVE has started 2024 with a new fully owned subsidiary in Australia and New Zealand. The owner of ILVE S.p.A. Alberto Illoti was in Australia recently to meet customers
CAFE Emerald Range
Now available in USA online and in-store at select retailers across the county, the CAFÉ brand has introduced the Emerald Green 36″ Commercial Style Range!
This first-ever limited-edition CAFÉ Capsule Collection range is designed to be a statement in the kitchen—offering a signature color that embraces the latest trends without sacrificing performance. According to the NKBA 2023 Trend Report, green is the number one top-of-mind color for kitchens over the next three years.
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