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Appliances, Tools & Housewares

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Tupperware Brands Says CFO Michael Poteshman To Retire

Wednesday, 10 Oct 2018 04:05pm EDT

Oct 10 (Reuters) - Tupperware Brands Corp ::TUPPERWARE BRANDS ANNOUNCES CFO TRANSITION.COMPANY INITIATES SEARCH FOR SUCCESSOR.SAYS CFO MICHAEL S. POTESHMAN TO RETIRE.SAYS CFO MICHAEL S. POTESHMAN TO RETIRE.MICHAEL S. POTESHMAN TO RETIRE AFTER 25 YEARS WITH COMPANY.TUPPERWARE BRANDS - POTESHMAN TO CONTINUE IN HIS ROLE UNTIL MARCH 1, 2019, FOLLOWING CO'S FISCAL YEAR 2018 FINANCIAL CLOSING PROCESS.

Electrolux buys Italy's SPM Drink Systems

Tuesday, 2 Oct 2018 03:30am EDT

Oct 2 (Reuters) - Electrolux AB ::STRENGTHENS ITS PROFESSIONAL BEVERAGE OFFERING BY ACQUIRING SPM DRINK SYSTEMS.SAYS ACQUIRED OPERATIONS HAD COMBINED NET SALES OF APPROXIMATELY EUR 30 MILLION IN 2017, AND 110 EMPLOYEES.SAYS COMPANY'S HEADQUARTERS AND MAIN MANUFACTURING FACILITIES ARE BASED IN SPILAMBERTO, MODENA, ITALY.

Guanfu Holdings' Chairman Lin Wenchang Resigns Due To Personal Reasons

Thursday, 20 Sep 2018 06:30am EDT

Sept 20 (Reuters) - Guanfu Holdings Co Ltd <002102.SZ>::GUANFU HOLDINGS 002102.SZ> SAYS CHAIRMAN LIN WENCHANG RESIGNS DUE TO PERSONAL REASONS.

Yunda Holding's Aug Courier Revenue Up 23.0 Pct Y/Y

Tuesday, 18 Sep 2018 08:31am EDT

Sept 18 (Reuters) - Yunda Holding Co Ltd <002120.SZ>::SAYS AUG COURIER REVENUE UP 23.0 PERCENT Y/Y AT 908.0 MILLION YUAN ($132.27 million).

Husqvarna Group sees Q3 operating income at around half of previous year

Tuesday, 18 Sep 2018 02:00am EDT

Sept 18 (Reuters) - Husqvarna AB ::FURTHER INFORMATION ABOUT RESTRUCTURING MEASURES RELATED TO CONSUMER BRANDS DIVISION AND THIRD QUARTER 2018 OPERATING INCOME.SAYS IN ADDITION TO RESTRUCTURING, Q3 HAS ALSO BEEN IMPACTED BY EXTENDED WARM AND DRY WEATHER.SAYS HENCE, GROUP INFORMS THAT OPERATING INCOME FOR Q3 2018 WILL BE AROUND HALF OF PREVIOUS YEAR, EXCLUDING ITEMS AFFECTING COMPARABILITY.SAYS HUSQVARNA GROUP'S OPERATING INCOME FOR Q3 2018 (EXCLUDING ITEMS AFFECTING COMPARABILITY) IS EXPECTED TO BE APPROXIMATELY HALF OF PREVIOUS YEAR'S, WHICH WAS SEK 433M.SAYS BOTH HUSQVARNA AND CONSUMER BRANDS ARE ALSO IMPACTED BY HIGHER COSTS FOR RAW MATERIALS AND NEW TARIFFS.SAYS FOR 2019 EXPECTATION IS THAT THESE WILL BE MITIGATED BY PRICE INCREASES.SAYS IN 2019 GROUP WILL EXIT NET SALES OF CLOSE TO SEK 2 BILLION AND IN 2020 ANOTHER SEK 1 - 2 BILLION OF LOW GROSS MARGIN BUSINESS THAT PREVIOUSLY WAS WITHIN CONSUMER BRANDS DIVISION.SAYS RESTRUCTURING MEASURES WILL BE IMPLEMENTED DURING 2018-2019 WITH AN ESTIMATED TOTAL COST OF SOME SEK 1.2 BILLION BEFORE TAX.SAYS RESTRUCTURING MEASURES ARE EXPECTED TO RESULT IN ANNUAL SAVINGS OF AROUND SEK 250M GRADUALLY FROM 2019 AND WITH FULL EFFECT 2020.SAYS IN LINE WITH INTENTIONS WHEN ANNOUNCED, GROUP'S FINANCIAL TARGETS WILL REMAIN UNCHANGED.SAYS WE ARE COMMITTED TO DELIVER ON OUR TARGETS, INCLUDING A GROUP OPERATING MARGIN OF 10 PERCENT IN 2019.

Kraus Group Announces Commencement Of Proceedings Under The CCAA

Tuesday, 11 Sep 2018 03:00pm EDT

Sept 11 (Reuters) - QEP Co Inc ::KRAUS GROUP ANNOUNCES COMMENCEMENT OF PROCEEDINGS UNDER THE CCAA AND PENDING SALE OF HARD SURFACE FLOORING DISTRIBUTION BUSINESS TO Q.E.P. CO. INC..KRAUS GROUP OF COMPANIES SAYS BEEN GRANTED PROTECTION UNDER COMPANIES' CREDITORS ARRANGEMENT ACT.KRAUS GROUP OF COMPANIES SAYS AN AGREEMENT HAS BEEN REACHED THAT WILL SEE Q.E.P. ACQUIRE KRAUS' HARD SURFACE AND CARPET TILE DISTRIBUTION BUSINESS.KRAUS GROUP OF COMPANIES SAYS KRAUS' BROADLOOM MANUFACTURING OPERATIONS IN WATERLOO, ONTARIO, TO CEASE OPERATIONS.KRAUS GROUP OF COMPANIES SAYS BROADLOOM MANUFACTURING ACTIVITIES IN WATERLOO WILL CEASE OPERATIONS, AFFECTING 256 LOCAL EMPLOYEES.

Elica Sells 33% Stake in Elica PB India Private For About EUR 13.1 Mln

Monday, 10 Sep 2018 08:53am EDT

Sept 10 (Reuters) - Elica SpA ::SAYS CONSIDERATION FOR SALE OF 33 PCT OF ITS INDIAN SUBSIDIARY PAID BY WHIRLPOOL WAS INR 1,092,163,974.14 (APPROX. EUR 13.1 MILLION).

Singapore Kitchen Equipment Says SGX-ST Granted Approval For Listing On Catalist Board Of SGX-ST

Thursday, 6 Sep 2018 06:12am EDT

Sept 6 (Reuters) - Singapore Kitchen Equipment Ltd ::SGX-ST GRANTED ITS APPROVAL FOR LISTING AND QUOTATION OF NEW SHARES AND SCHEME SHARES ON CATALIST BOARD OF SGX-ST.

Ningbo Sunlight Electrical Appliance's ex-Chairman Barred From Entering Securities Market For 10 Years

Wednesday, 5 Sep 2018 04:36am EDT

Sept 5 (Reuters) - Ningbo Sunlight Electrical Appliance Co Ltd <002473.SZ>::SAYS FORMER CHAIRMAN HU YIDONG IS BARRED FROM ENTERING SECURITIES MARKET FOR 10 YEARS DUE TO VIOLATIONS INCLUDING INFLATING FINANCIAL FIGURES.

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