Whirlpool Corp., already the world's largest maker of major appliances, will acquire a majority interest in Indesit Company, based in Fabriano, Italy, for an expected purchase price of EUR 758 million/USD $1.038 billion
Whirlpool's share purchase agreements will give it a 66.8% voting stake in Indesit. Whirlpool expects the acquisition to close by the end of 2014.
The acquisition relies on three share purchase agreements made with Fineldo S.p.A., for a 42.7% stake in Indesit; with certain members of the Merloni family for a 13.2% stake in Indesit; and with Ms. Claudia Merloni, for a 4.4% stake in Indesit. This total of 60.4% of Indesit stock capital, in light of the treasury shares held by Indesit, represents a 66.8% voting stake.
Whirlpool Corp. is the world's biggest producer of major appliances and has 3013 sales of $19 billion.
Indesit operates worldwide and has leading market positions in much of Western Europe and Eastern Europe, including Russia. It had 2013 revenues of EUR 2.671 billion — approximately USD $3.6 billion.
"We believe this will ideally position us for sustainable growth in the highly competitive and increasingly global home appliance market in Europe," said Jeff M. Fettig, chairman and CEO of Whirlpool Corporation.
"We expect this transaction will enable us to create a more efficient appliance company in Europe, with increased value through improved asset utilization and complementary country positions, products, brands and distribution," said Marc Bitzer, president of North America and Europe, Middle East and Africa (EMEA) for Whirlpool.
Thank you
www.appliancedirect.com
Showing posts with label cheap washer. Show all posts
Showing posts with label cheap washer. Show all posts
Tuesday, July 22, 2014
Monday, June 9, 2014
Dads to Get $663 Million in Tools and Appliances on Father's Day. So Save At Appliance Direct
APPLIANCE DIRECT ALL WEEK LONG DAD”S EVENT
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Dads to Get $663
Million in Tools and Appliances on Father's Day
Jun 6, 2014
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|
Father's Day at Appliance Direct may be the
smallest of the American gift-giving holidays, but it is still expected to
generate $663 million in spending on tools and appliances, according to the
National Retail Federation (NRF).
NRF called Father's Day a "blip on the retail sales radar" when compared to Christmas and Mother’s Day, but it's 2014 survey shows the average person will spend $113.80 on tools, electronics, and other gifts for dad, slightly down from $119.84 in 2013. Total spending for Father's Day 2014 is expected to be $12.5 billion.
“Knowing both cost and sentiment are important to their shoppers, retailers this Father’s Day will make sure to offer promotions on a variety of gift options, including home improvement items, tools and even apparel,” said NRF President and CEO Matthew Shay. “As more people look for ‘experience gifts’ with tickets to baseball games or a day on the golf course, retailers will also make sure to promote their gift cards for families hoping to create the perfect gift package.”
Gift item spending expectations for Father's Day 2014:
• $1.6 billion on electronic gifts like smartphones and tablets
• $1.8 billion on gift cards
• $663 million on tools and appliances
• $662 million on sporting goods or leisure items
• $645 million on home improvement items
• $641 million on personal care items
• $555 million on books or CDs
• $520 million on automotive accessories
The survey found that:
• 64.1% give dad a greeting card
• 41.5% give dad apparel items like neckties and sweaters, spending $1.8 billion
• 42.6% take dad on a special outing, such as dinner or a sporting event, spending $2.5 billion
Where will family members shop for dad's gift?
• 35.8% will shop at a department store
• 28.1% will shop at discount stores
• 28.4% will shop online
• 24.2% will shop at specialty stores
• 16.6% plan to shop at a local or small business
“As we saw with Valentine’s Day and Mother’s Day this year, consumers are keeping to a strict budget,” said Prosper Insight’s Consumer Insights Director Pam Goodfellow.
Nearly one-quarter of smartphone owners (23.4%) will research products and compare prices on gifts using their smartphone, and three in 10 tablet owners (30.6%) will do the same. Nearly one in five (18.2%) will purchase products with their tablet for Father’s Day so come into Appliance Direct and compare.
NRF called Father's Day a "blip on the retail sales radar" when compared to Christmas and Mother’s Day, but it's 2014 survey shows the average person will spend $113.80 on tools, electronics, and other gifts for dad, slightly down from $119.84 in 2013. Total spending for Father's Day 2014 is expected to be $12.5 billion.
“Knowing both cost and sentiment are important to their shoppers, retailers this Father’s Day will make sure to offer promotions on a variety of gift options, including home improvement items, tools and even apparel,” said NRF President and CEO Matthew Shay. “As more people look for ‘experience gifts’ with tickets to baseball games or a day on the golf course, retailers will also make sure to promote their gift cards for families hoping to create the perfect gift package.”
Gift item spending expectations for Father's Day 2014:
• $1.6 billion on electronic gifts like smartphones and tablets
• $1.8 billion on gift cards
• $663 million on tools and appliances
• $662 million on sporting goods or leisure items
• $645 million on home improvement items
• $641 million on personal care items
• $555 million on books or CDs
• $520 million on automotive accessories
The survey found that:
• 64.1% give dad a greeting card
• 41.5% give dad apparel items like neckties and sweaters, spending $1.8 billion
• 42.6% take dad on a special outing, such as dinner or a sporting event, spending $2.5 billion
Where will family members shop for dad's gift?
• 35.8% will shop at a department store
• 28.1% will shop at discount stores
• 28.4% will shop online
• 24.2% will shop at specialty stores
• 16.6% plan to shop at a local or small business
“As we saw with Valentine’s Day and Mother’s Day this year, consumers are keeping to a strict budget,” said Prosper Insight’s Consumer Insights Director Pam Goodfellow.
Nearly one-quarter of smartphone owners (23.4%) will research products and compare prices on gifts using their smartphone, and three in 10 tablet owners (30.6%) will do the same. Nearly one in five (18.2%) will purchase products with their tablet for Father’s Day so come into Appliance Direct and compare.
So Come on in to
Appliance Directs DAD’s Event All week
long #AD www.appliancedirect.com
Tuesday, May 13, 2014
New Washing Machine with Matching Dryer Save time and Money With AD
APPLIANCE DIRECT
Presents
The High Efficiency Maytag Top Loaders
MVWC425BW
– Top load washer featuring:
·
3.8
cu. ft. capacity
·
High
Efficiency
·
Fountain
Impeller
·
Stainless
Steel Wash Basket
·
CEE
Tier 3 Energy Star Certified
·
Cold
Wash Cycle
·
PowerWash
Cycle
·
800
RPM Max Spin Speed
·
5
Selectable Wash Temperatures
Retail - 649.99 AD – 497.77
MEDC300BW
·
7.0
cu. ft. dryer capacity
·
12
Dryer Cycles
·
4
Temperature Settings
·
Wrinkle
Prevent Option
·
Maytag
Commercial Technology
·
Interior
Drum Light
·
IntelliDry
Sensor
Retail - 549.99 AD – 497.77
Rebate -$100.00
Get this
set for a total of $895.54
After
Rebates from Maytag.
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