Tag Archives: sale

Philips mulls sale of $2.5B home appliance unit to shift more to healthcare

Royal Philips is considering the sale of its kitchen appliance business generating 2.3 billion euros ($ 2.5 billion) in sales as part of Chief Executive Officer Frans van Houten’s revamp of the Dutch company into a focused healthcare equipment maker. Carving out the unit making coffee makers to air purifiers will take 12 to 18… Read More »