News Formal

Philips to sell domestic appliances business

  • 📰 YahooSG
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 71%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Philips said it would carve out the business in sales last year, in the coming 12 to 18 months. YahooFinance

AMSTERDAM - Dutch health technology company Philips is looking to sell its domestic appliances division, whose coffee machines, air purifiers and airfryers no longer fit with the company's range of hospital equipment and personal health products.

"This business is not a strategic fit for our future as a health technology leader," Chief Executive Officer Frans van Houten said. Philips in October already said it would miss its target, as the trade war between the United States and China forced it to shift production and to seek other suppliers for components.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Markets eye Wuhan developments amid earnings, data releasesRead more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »