Tag Archives: Electrolux Group

Electrolux and Veneta Cucine Introduce Human-Centered Kitchen Design Concepts Focused on Color and Wellbeing

(IN BRIEF) Electrolux Group and Veneta Cucine have unveiled a new collaborative kitchen design concept at EuroCucina 2026 in Milan, focusing on the intersection of color, wellbeing, and human-centered design. The partnership introduces four distinct color palettes that blend Scandinavian … Read the full press release

Electrolux Group schedules first quarter 2026 results release and investor webcast for April 24

(IN BRIEF) Electrolux Group will publish its first quarter 2026 financial results on 24 April at approximately 07:00 CEST, followed by a live webcast and conference call at 09:00 CEST. CEO Yannick Fierling and CFO Therese Friberg will present the … Read the full press release

Michelle Shi-Verdaasdonk Appointed Chief Procurement Officer at Electrolux Group

(IN BRIEF) Michelle Shi-Verdaasdonk is set to return to Electrolux Group as Chief Procurement Officer, bringing a wealth of experience from her time at Dyson and Signify. In her new role, she will help steer Electrolux’s procurement strategy and supply … Read the full press release

Electrolux Group Initiates Preparation for Divestment of Zanussi and Non-Core Brands

(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

Electrolux Group Reports Decline in Sales and Initiates Asset Divestment in Q2 2023

(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

Electrolux Group’s Memphis manufacturing facility divestment deal fails to close as buyer defaults

(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

Carsten Franke to succeed Jan Brockmann as Electrolux Group COO effective October 1, 2020

(PRESS RELEASE) STOCKHOLM, 16-Sep-2020 — /EuropaWire/ — Electrolux AB (STO: ELUX-B), a global leader in household appliances and appliances for professional use, has announced leadership changes to the Group Managemet. The company has appointed Carsten Franke as new Chief Operations … Read the full press release