Electrolux

(IN BRIEF) Accenture, a global technology and consulting company, is set to acquire Rabbit’s Tale, a renowned Bangkok-based creative and digital experience agency. This strategic move aims to bolster the creative, brand, and data capabilities of Accenture Song, the world’s … Read the full press release →

(IN BRIEF) Staffan Bohman, who has served as Chairman of the Board of AB Electrolux since 2018, has announced that he will not stand for re-election at the company’s Annual General Meeting in 2024. In addition to his role as … Read the full press release →

(IN BRIEF) AB Electrolux has announced the appointment of the Nomination Committee for its Annual General Meeting (AGM) in 2024. As per the AGM’s decision, the Nomination Committee will consist of six members. Four of these members are chosen by … Read the full press release →

(IN BRIEF) Electrolux Group, operating under its premium brand AEG, is unveiling its most resource-efficient appliances, the AEG EcoLine, at IFA 2023. These appliances, covering various categories, are designed to reduce climate impact while maintaining high performance. The selection includes … Read the full press release →

(IN BRIEF) Electrolux Group has announced its plans to divest Zanussi and other non-core brands, including production facilities in Egypt and water heater production facilities in Egypt and South Africa. The potential divestment value of these assets is estimated to … Read the full press release →

(IN BRIEF) Electrolux Group’s second-quarter report reveals a decline in net sales due to weak market demand and consumer shifts to lower price points, resulting in significantly lower volumes. Operating income was impacted by a non-recurring provision related to a … Read the full press release →

(IN BRIEF) Electrolux has announced that the divestment of its Memphis manufacturing facility in Tennessee, USA, will not be completed as intended. The buyer failed to close the deal, and the company will now seek an alternative buyer. The agreement … Read the full press release →