Automatic coffee machines, steam generator, air purifier, aqua vacuum cleaner, etc are among its successful products
Philips revamps one of its businesses. Source: shutterstock.com
Royal Philips announced to review options for future ownership of its domestic appliances business. Philips will create a separate legal structure for this business within the Philips Group, expected to be completed in 12 to 18 months.
In 2019, the domestic appliances business achieved sales of €2.3 billion in kitchen appliances, coffee, garment care, and home care appliances.
At the same time, Philips’ €3.5 billion personal health businesses will keep on playing an important role in the company’s integrated approach to support the health and well-being of its customers.
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