Electrolux has reported a weaker-than-expected market demand and is initiating cost reductions. Electrolux reports for Q3 their market demand for their core appliances in US and Europe is estimated to decreased at an accelerated rate compared with Q2. This is most likely from high inflation on consumer durables purchases and low consumer confidence. High retailer inventory levels have been impacted…
Whirlpool has recently entered into a sales agreement to purchase InSinkErator garbage disposer business. Pending regulatory approvals, the all-cash $3 billion dollar transaction is expected to close the fourth quarter of 2022. InSinkErator is one of the first mass-produced garbage disposal products for home use that started in 1930 and has dominated the food waste disposal industry. It currently has…
Since 2016, GE Appliances has invested $2 billion in new products, technology and growing its U.S. manufacturing and distribution. Fresh off the CoCREATE Stamford production line is the first GE Monogram Smart Flush Hearth Oven. This is GE Appliances’ newest manufacturing operation based in Connecticut. The company is commitment to American manufacturing and celebrated the production launch with their first…
Smeg partnered with Italian architect in 1995 with Renzo Piano’s a visionary, inspiring designer and a world renowned architect to create a beautiful hob. Smeg looked at their product archives and embraced their Italian roots with the relaunch. They are bringing back their first hob that was unveiled in Milan in a very limited edition of there are only 1,000…
Sub-Zero is very special; you can buy it as a refrigerator, a freezer and even a wine storage unit Sub-Zero which has a sprawling 200-acre headquarters in Fitchburg — just outside Madison, Wisconsin —has made quality their cornerstone. The 77 year old appliance company was started in a garage by founder, Westye Bakke. Bakke was the son of Norwegian immigrants…
