Letter of Supor to consumers - 20/01/2012
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A report broadcast on the China Central Television (CCTV) network on 16 February 2012 raised questions about the quality of certain Supor cookware items intended for the domestic market by referring to the amount of manganese in some of the stainless steel used. Further to this broadcasting, Groupe SEB saw its share price drop significantly...
Review for the three months ended 31 March 2011.
Groupe SEB has taken the control of Vietnamese company Asia Fan, the leader on the domestic market for fans. Further to acquisition, it holds 65% of the capital while 30% of outstanding shares are still in the hands of the founding family and 5% are held by employees.
Groupe SEB today successfully launched its first issue of five-year euro-bonds in a total amount of €300 million. The bonds mature on 3 June 2016 and pay interest at an annual rate of 4.50%.
To prepare for coming changes in the small domestic equipment market and extend its innovation strategy to new technologies and expertise from outside the company, Groupe SEB has created an investment fund – SEB Alliance – with initial capital of €30 million. The fund will serve as a technology watch as well as an investment...
A robust early-year performance, in line with 2010 * Revenue up very sharply * €92 million in operating margin, an all-time first-quarter high * A solid, healthy financial situation
Following approval by Colombian competition authorities in early December, Groupe SEB confirms that it signed a contract on 17 December with the main shareholders of Colombia-based IMUSA to acquire a majority interest in the company.