Philips announced on Jan. 28 that it has begun to “disentangle” its domestic appliances segment from the rest of the company in hopes of selling off the segment to focus solely on health-related ...

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG; AEX: PHIA), a global leader in health technology, today announced that it has signed an agreement to sell its Domestic Appliances business, a ...

Hillhouse Capital has agreed to acquire Royal Philips’ domestic appliances business. The purchase price is 3.7 billion euros. The deal is expected to close in the third quarter of this year. Amsterdam ...

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG; AEX: PHIA), a global leader in health technology, today announced that it has completed the sale of the Domestic Appliances business to Hillhouse ...

As anyone who has been faced with a recently-manufactured household appliance that has broken will know, sometimes they can be surprisingly difficult to fix. In many cases it is not in the interests ...

Philips Domestic Appliances has appointed Droga5 to its global advertising account, following a three-way competitive pitch. Following a process managed by Flock Associates, the three-year contract ...

The MarketWatch News Department was not involved in the creation of this content. The combined company will accelerate Asurion's vision to become CTO of the home, by delivering seamless, intelligent ...