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World’s second-biggest home appliances manufacturer forecasts normalisation as pandemic eases
Do not expect appliance makers to be immune from recessionary forces when economic reality sets in
Teething problems at a new factory will delay expected cost savings
World’s second-largest maker of consumer appliances has struggled to fulfil orders on time
Swedish central bank policy pushed appliance maker to prioritise refurbishment over M&A
Swedish group revives investment in Springfield, Tennessee plant but will close Memphis facility
Foundation to donate billions to AI projects
A turnround will entail short-term pain for uncertain long-term gain
Ronnie Leten nominated as new chairman to replace Leif Johansson
Deal highlights Swedish group’s push to become a more consumer-orientated company
Top stories around the world on Monday
Swedish appliance maker tests concept of sharing washing machines
Swedish appliance maker’s chief puts focus on consumers to lift profit margin
Household appliance maker continuing to turnround US operation
Swedish manufacturer is transforming into a consumer-focused company
Deal comes after GE abandoned Electrolux tie-up due to antitrust regulators’ opposition
American Keith McLoughlin faced rumours of board discontent despite efforts to restructure business