Beko Europe plants in Siena and Comunanza and the cold chain in Cassinetta to close by the end of 2025, nearly two thousand redundancies. The ministry rejects the industrial plan
It was expected that the Turks of Beko would present today the industrial plan for Italy, the investment plan, the development prospects in each plant and the employment prospects in each plant. What will happen?
With Trump's victory, tariffs on Chinese imports threaten to raise costs in key sectors. However, a new strategic agreement offers growth opportunities for Italian furniture
The takeover bid is over. 86,7% of the shares have changed hands since September 2nd to last Friday: combined with a 4,4% previously held, they bring the French to 91,1%
Faced with the evanescence of the speech of the CEO of Beko before the Government and unions yesterday in Rome, workers' organizations ask the Government to enforce the Golden Power
Beko Europe CEO Ragip Balcioglu will reveal his group's long-awaited industrial plan today at the Ministry of Made in Italy and Business. Hours of anxiety for unions and workers
Interview with Gianni Meneghetti, CEO of Fulgor: "The market crisis? Our exports work because we are chameleonic, we adapt to changes with great speed. I do not justify the choice practiced today at an industrial level, that of planned obsolescence"
The market for household appliances and consumer electronics is going through a difficult period. However, the outlook for 2025 is promising. Meanwhile, Beko Europe is preparing to present its plan for the former Whirlpool factories in Italy
The decline in sales of household appliances in Europe, amplified by rising energy costs and pro-import policies, puts factories and jobs at risk. Associations and unions are calling for dialogue with institutions to safeguard industry and jobs
The European home appliance market is in crisis, with sales down 16% and factories operating at 30-40% capacity. Meanwhile, Chinese giants like Midea and Haier are carving out a significant market share, taking advantage of the…
Interview with Andrea Barazzoni: the Fiac president, head of the historic family business, denounces the unequal competition between Chinese and European household goods. With Chinese duties of 18% against the 3,2% EU, Italian exports are hampered, while low-cost products…
Beko faces unprecedented crisis with the closure of two factories in Poland and a heavy loss of profits in 2024. The Turkish multinational, hit by Asian competition and price wars in European retail, is facing…
Do you want to fix your broken smartphone or broken washing machine? EU Directive 2024/1799 introduces the right to repair, obliging manufacturers to repair defective products and facilitating access to repair services at reasonable prices. Here's why
Historic acquisition for Bosch which buys the heating division of Johnson Controls for 8 billion dollars: an operation aimed at rebalancing its activities dominated by the automotive sector. The focus on Whirlpool, the role of Asian competitors in the sector and…
The aims of the Czech billionaire Daniel Kretinski, the first shareholder of Fnac Darty. Although the French say it is not a hostile takeover bid, there was no prior agreement with the Italians. Unieuro convenes an emergency board of directors. The fee may…
The global M&A scenario that seemed concluded is instead in convulsion. What is Bosch doing that is targeting Whirlpool with an eye on the US duties that will rise and the need to stem the arrival of Chinese capital. The role of…
The appliance company announces the cuts of around 1.000 employees in the UK. The decision is part of a global reorganization for the 15.000-employee company. Strategic meeting with the new Starmer government
After the rumors about Electrolux it now seems that Bosch has set its sights on Whirlpool, but stock market experts believe that this is just gossip intended to animate the market. Even if the arrival of heavy duties on non-US products…
Two new developments are shaking up the global panorama of consumer electronics and large household appliances. The first is that in the United States the powerful lobby in favor of Made in China warns Biden and Trump against customs duties on China: "I…
From Apple to Whirlpool, from Samsung to Bsh, the multinational giants of consumer electronics and household appliances have published their quarterly reports. In Italy and Europe, consumption is in sharp decline
Electrolux is facing a crisis with a heavy loss in the first quarter of 2024, the resignation of CEO Samuelson and negative forecasts for the year. There is speculation about possible buyers, with Midea and Haier in pole position
Applia's initiative to defend Made in Europe and eco-sustainability in the face of a bad start to 2024 in terms of production, exports and sales, with heavy drops for Italy
Whirlpool sells its European business to Beko: a new sector leader is born in the world of household appliances with over 20.000 employees and 24 million appliances per year. Arcelik, the Turkish group that owns Beko, consolidates its global presence with…
In office since April 2019, Gilles Morel, president of Whirlpool EMEA, is said to be close to taking a step back. The role of the "big boss" Bitzer. New big names in command: Turks, Chinese, Indians and Malaysians, what will happen now? The risks on trade union relations
The protest of specialized electronics retailers, speak Scozzoli and Rossi, at the Aires summit (Euronics, Mediaworld and Unieuro): "On 20 March in Brussels we will make our voice heard against the transfer of the obligation to certify eco-sustainability to European retail of the whole…
Changes at the top of Haier Europe: Yannick Fierling leaves the position of CEO. Other sensational farewells, however, could also affect another European multinational. Here because
Arcelik, a Turkish manufacturer of household appliances, will acquire, through a new company of which it will own 75%, all Whirlpool factories in the EMEA area: Europe, the Middle East and Africa
Interview with Edi Snaidero, president of Efic, in view of Eurocucina 2024 in Milan from 16 April: "Made in Italy, resumed in the second half of the year. Ready for the great return of buyers from China. Gap with Germany? Today there is no it's more"
In Las Vegas the 60th edition of Kbis, a fair dedicated to bathrooms and kitchens. The announcement made by Whirlpool dominates: commercial joint with Bora to distribute induction hobs with integrated hood instead of gas in North America
The UK regulator has given an initial favorable opinion on the agreement by which the Turkish household appliance manufacturer will acquire all the factories in Europe, the Middle East and Africa of the US multinational: no significant problems from a competition perspective
In 2023 the German giant recorded a 9% drop in revenues. “There are no signs of an imminent market recovery,” the company says
From Suez to Panama, from Babel Mandeb to the Strait of Malacca, at least seven straits are blocked: the maritime routes of the global logistics of semi-finished products, raw materials and finished products have been disrupted in full chaos
At CES in Las Vegas, the Chinese Hisense and TCL presented themselves with a display of hi-tech innovations, eliminating several technological gaps compared to the Koreans and Japanese
There are over 73 million old household appliances in Italian homes - The proposed law on green incentives for the purchase of highly energy efficient products is under discussion - Here are all the details
According to the American rating agency "low consumer demand and price pressure have damaged Electrolux", even if the Swedish company "boasts records in high-efficiency appliances" - Here's who comes forward
Exclusively for FIRSTonline, GFK data on domestic technology sales for the first 9 months in Italy - Positive news from Whirlpool awaiting the CMA verdict
Hakan Bulgurlu leads the giant Arçelik-Beko and, despite official denials, is the new CEO of Whirlpool EMEA. It is located in Antarctica: here are his plans in a strategic sector also for the climate such as that of household appliances
The joint presents itself as the lifeline of a household appliance market which in Europe is losing 10% of sales and which has to deal with the disasters caused by the failed management of Whirpool's CEO Bitzer and…
The CEO of the Turkish giant Beko-Arçelik, president of Applia Europe, raises the alarm: worsening forecasts for the sector in 2024. On the other hand, sales in Turkey are good
Turnover fell by 8%, but net profit rose by 123 million crowns. Numbers that also hide the cuts in staff and expenses already made
For Brussels, the union does not harm competition but for the actual start of the merger we must wait for the verdict of the English Antitrust. Midea and Haier cautious on Electrolux
The English antitrust is deepening its investigations into the merger between Whirlpool and Turkey's Arcelik: this is how complicated the whole affair can become
The European Antitrust should reach a first ruling on the Whirlpool-Arçelik joint venture on October 23 but it will still take months. Meanwhile, Haier's Chinese are preparing to enter the field while the Golden Power requested by the government is at a standstill.…
The crisis in the household appliances market also affects M&A operations but the Chinese don't give up
Exclusive Applia data on the subcontracting sector for household appliances. Record-breaking and increasingly international SMEs. A sector that deserves to be protected with the Golden Power
The news comes from Bloomberg. Among the reasons that would have prompted Midea to renounce the possible exercise of the Golden Power by the Italian Government but above all the differences on the price
The announcement in the Chinese government's media but the Italian unions urge Meloni and Giorgetti to apply the Golden Power: how the European Antitrust will react
The international press confirms FIRSTonline's anticipation of the Chinese intention to acquire the Swedish giant Electrolux. But the Italian government takes the field and Samsung also wants to be in the game
The new offices in the EMEA area will welcome 400 employees from more than 100 different nationalities in the Certosa area of Milan. The heir to the historic Italian Indesit, now mostly in Turkish hands, will announce the data tomorrow under the new…
The Chinese of Midea have been trying to get their hands on the Swedish giant Electrolux for six years and are hoping that now is the right time
The 2022 final results see the turnover of Italian household appliances growing but not production. And sales focus on foreign products at lower cost and efficiency
Earthquake in the household appliances market: after the failed purchase of Whirlpool Emea, the Chinese bet on the Swedish giant Electrolux - The world of small household appliances is also in turmoil as evidenced by the sale of the Italian San Marco to the French SEB
The e-commerce giant has come under investigation for the acquisition of iRobot, the manufacturer of robot vacuum cleaners. The photos taken would violate the privacy of the users
A difficult year comes to an end but Italy fared better than Europe. Electolux: North America hit. The weight of the sanctions on Russia: Türkiye and China benefit from it
The household appliance giant's turnover and profits collapse and the supermanagers' heads roll one after the other
The sale of the majority stake in the European subsidiary of the household appliance group to the Turks is concluded, but Whirpool will keep a 25% stake and will remain in Europe
Although the sales of household appliances have plummeted, the built-in sector has surprises in store. Whirlpool in strong recovery also due to the surprising reshoring from China to Italy
The Whirlpool group communicates the production volumes of the factories in January and in the meantime negotiates for the Emea sale. That's all the options on the table. Appliance sales increasingly falling
The Swedish multinational expects a further drop in demand due to inflation and high rates. While soaring costs, especially in North America, led to a loss in the third quarter - Unions Concerns
European trade unions have welcomed Whirlpool Corporation's communication on the EMEA branch. But everything about the Naples factory is on the high seas
Whirlpool Corporation presented its quarterly report and announced that negotiations with two potential buyers are in the final stages. Here are all the news
According to the latest survey by the Mediobanca Studies Area, in 2021 the recovery of Italian industrial and tertiary companies was record-breaking, with turnover exceeding that of 10,1 by 2019% - In pole metallurgy and household appliances, but this year inflation…
The slowdown of household appliances in Europe could damage many Eastern countries where the return of production from Asia has been heading for years - China, on the other hand, is not afraid of reshoring: here's why
The European Commission has issued a new energy label but the data remain those self-certified by the manufacturer
Many of the tips that circulate to save on electricity and gas bills are a hoax. Household appliances allow savings but must be used well. Here's how
The American group Whirlpool prepares the about-face. A journey that started some time ago and has come to an end. Here are the suitors who compete for the rich market for household appliances
Last year, production, exports and sales made a big rebound, but now the difficulties are weighing on the front of raw materials, which are increasingly scarce and expensive
The association of household appliances manufacturers, Applia, warns of the risks of the new EU carbon tax and asks that imported finished products also be taxed
A preview of the results of the Bosch survey on sustainable procurement. Europe is at the forefront but the Americans have also changed. Here are the news from CES in Las Vegas, the world's leading consumer electronics event
There is an open war between the giants of Chinese domestic technology with M&A blows, rain of billions, bankruptcies and low blows - The epicenter of the clash is Homa, the world's first cold storage contractor but unknown outside China, which TLC (first…
Televisions, washing machines, smartphones: GFK data draw a very positive balance on purchases by Italians in the Black Friday week but at Christmas the product shortage risks weighing heavily
Applia Italia, which associates the household appliance industries, has communicated the data on the overwhelming recovery in production, sales and exports in the first six months of 2021. But the Association is asking the Government for a scrapping bonus and a contribution to support…
The household appliances sector is in full recovery: +50% turnover and +30% exports - But Applia, which associates companies in the sector, is asking the Government for a scrapping bonus to support restaurateurs affected by the pandemic
The CEO of Messe Berlin, Martin Eckning has announced the cancellation of one of the most important trade fair events in the world due to the continuation of the Covid-19 pandemic - The event will return in September 2022
The factory will be controlled and operated by Arcelik, but will continue to make Whirlpool products
Over 10 billion euros in turnover in Italy for specialized household appliance retailers - But beware of letting your guard down on counterfeiting - The Aires assembly
The company led by Xavier Niel has acquired 12% of the capital - The Unieuro stock runs on Piazza Affari
The household appliance company, producer among others of the unmistakable Minipimer blender, is celebrating its first century this year. An exhibition, a new collection and a meeting program will accompany the birthday throughout 2021
In the last part of 2020, the sector largely recovered from the collapse due to the lockdown and recorded a growth of 5,5%: both small and large appliances did well
Storm at Anie, the powerful Confindustria federation that brings together electrical engineering and electronics companies: Maspero and former minister Guidi are competing for the presidency
The household appliance company bets on the new 4.0 production line dedicated to one of its flagship products near Bergamo. No impact on employees
In the virtual exhibition in Las Vegas, forecasts speak of an oncoming boom for large and small household appliances and for smartphones after the slowdown of the pandemic
The first unit sold in the US on December 30, 1953 was manufactured by Admiral and cost the equivalent of $9.000 today. In Italy the revolution arrived with sensational delay, only in 1977.
Arcelik owns the Beko and Grundig brands and will acquire 300% of the Japanese business unit GLS for 60 million dollars. A new company is formed that will help Hitachi expand its sales outside Japan.
Purchases are down but freezers are up - Amazon closes its largest collection center in the US but Walmart has already hired 25 new employees - Apple and others without supplies
Net of future effects of the coronavirus, the market rewards the entire household appliances sector, except washing machines - Cookers with hobs, extractor hoods and coffee machines do well
Since 2021, the EU has imposed a special label on all electrical and electronic devices that indicates the repairability index: for consumers it is a big step forward and we hope that the durability index will soon arrive
The Chinese group, which in Western Europe is only in fifth place for sales, is for the twelfth consecutive year in first place in the world in refrigerators. And it is increasingly focusing on the IoT and the smart home.
In a communication sent to the American Consob last October 31, the group reiterates that it intends to "stop production at the plant in the coming months with output scheduled for 2020" - The unions ask the government to convene a meeting
After years of growth, total world sales of high-tech products for the home have come to a halt and e-commerce has also stopped for the first time, especially in Germany and China - News from the IFA in Berlin
An M5s proposal is under discussion in the Senate which attempts to put an end to the set of techniques that lead to the premature deterioration of large and small consumer goods
The Swedish group celebrates its first century of life by launching 150 new appliances on the market and listing its professional branch on the Stock Exchange
The world's third largest TV producer is the new global protagonist of White and has officially declared that from now on it will set out to conquer the European market
New earthquake in sight in the household appliances sector: the Chinese Midea, n. 1 in the world of air conditioning, aims to purchase the European assets of Whirlpool but extends its sights also on Smeg, a Made in Italy jewel with brands and…
The former EMEA president of the household appliances corporation has left Italy for good to take up a new position in Madrid. Here's what she will do and what moves in the negotiations between Whirlpool and Midea.
The hunt by foreigners for Made in Italy household appliance companies continues: after Nardi, the Algerians of Condor Electronics also buy Tecnogas - President Benhamadi: "To grow we need experience, design and beauty…
The home is getting smarter: after the arrival of Amazon's Alexa, the small intelligent speaker that acts as a butler, here is the Axi washing machine by Hoover (Candy-Haier group) which suggests the best program for the user every time
After two years of experimentation, France has decided to introduce the rental of small appliances, not trivial ones but multifunctional appliances that are available only when needed without cluttering up the house - Here's how it works
America's Oldest Department Store Chain Goes Bankrupt - Electrolux Suffers Among Suppliers, While Whirlpool Gets Away
The company has already communicated to the unions that the objectives of the 2015-2018 plan have not been achieved and the redundancies risk being confirmed while several managers leave - Sales rumors at Midea with possible relocations to Poland…
