Dualit has appointed Yvette Laugier as Vice President for North America, in an “important step” for its continued international expansion.
Yvette will be charged with overseeing retail and commercial operations in both the US and Canada.
Tag Archives: North America
KBIS successful show
KBIS marked our most successful show to date, bringing together a record number of kitchen and bath design professionals. 🥂
“We’re incredibly proud of the growth and success of KBIS, continuing to offer tremendous value to the thousands of designers, architects, dealers, showroom professionals, builders, remodelers, and more in the kitchen and bath industry,” said Bill Darcy, Global President & CEO of NKBA | KBIS.
KBIS 2024 By-the-Numbers
● 117,000 DCW registered visitors
● Over 41,500 KBIS registered visitors
● Over 670 exhibitors – a 30% increase from 2023
● Over 260 new exhibitors – a 40% increase from 2023
● More than 200 international exhibitors – a 35% increase from 2023
Next year, KBIS will be held February 25 – 27, 2025, in Las Vegas at the Las Vegas Convention Center.
KBIS is the premier event for every K&B focused business who wishes to connect with customers all over North America
Electrolux Group reports loss in the fourth quarter – driven by North America
Electrolux Group announced today that operating income, excluding non-recurring items, in the fourth quarter of 2023 is estimated to be approx. SEK -0.7bn (-0.6). The underlying loss in business area North America is estimated at approx. SEK -1.4bn (-1.2), driven by intensified price pressure, lower volumes and elevated cost levels related to the cooking manufacturing transition.
Net sales in the fourth quarter for the Group is estimated to be approx. SEK 35.6bn (35.8), an organic decline of about 1%. Operating income for the Group is estimated to approx. SEK -3.2bn (-2.0) and includes non-recurring items of approx. SEK -2.5bn (-1.4). Cash flow generation was strong in the quarter, expected to lead to an operating cash flow after investments for the full year 2023 of approx. SEK 3bn (-6.1).
The main driver behind the loss in North America was intensified price pressure and weak demand during Black Friday, as well as the remainder of the year. Cost discrepancy between production located in North America compared to certain parts of Asia, as previously reported, driven by currency, raw material and inflationary impacts, has resulted in lower market price levels, particularly in refrigeration, which is a key category for business area North America.
As previously communicated, the finalization of the transition of cooking manufacturing in Springfield from the legacy factory, which was closed in the quarter, to the new factory impacted earnings in North America negatively, both in terms of additional costs and impact on product availability. The ramp-up of the new Springfield factory is expected to be finalized in terms of volumes and cost efficiency by the end of 2024.
Gaggenau increases its presence in North America and Australia
Growing demand for products Gaggenau in North America and Australia,so the luxury brand specialized in the production of professionally inspired household appliances has decided to opennew showrooms in Vancouver and Toronto and new flagship stores in Sydney and Miami, with a concept that perfectly blends the brand’s rich heritage with local cultural and design elements. “Each of our new flagships in the world – says Peter Goetz, Managing Director of Gaggenau – represents a unique, high-end experience, designed to inspire. Our appliances, our brand, our philosophy and our heritage are woven into the architecture, creating a very attractive local landmark”.
The new flagships serve as experiential centers for culinary enthusiasts, architects, interior designers and homeowners who wish to explore the art of cooking, each boasting a unique space and character, drawing inspiration from local communities, offering sophisticated moments of reflection for food-conscious users and professionals design. In North America the emphasis is increasingly on a modern aesthetic, which favors the kitchen as the centerpiece of the home’s lifestyle. The “modern classic” design by Gaggenau aligns perfectly with this trend, offering timeless, sophisticated and elegant solutions for luxury kitchens.
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