Electrolux
2 stories
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financeElectrolux Shares Plummet After Quarterly Loss, US Demand Slumps
Electrolux reported an unexpected quarterly loss, driven by a significant slump in U.S. demand, leading to a sharp drop in its share price and a major restructuring plan.
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financeElectrolux to Raise $976 Million, Partners with Midea for North American Shake-up
Electrolux announces a $976 million rights issue and a strategic joint venture with Midea Group to restructure its struggling North American operations, focusing on food preservation and fabric care.