Satisfactory Operating Performance and Pursuit of the Long-Term Strategy
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François-Xavier MEYER joins Groupe SEB as an Investment Director of SEB Alliance. He will report to Bertrand NEUSCHWANDER, Senior Executive Vice-President of Groupe SEB in charge of Business Units and President of SEB Alliance.
As part of its commitment to Unicef’s nutrition programs, Groupe SEB has created a special range of cookware products under the TEFAL brand to help children in Madagascar. For every pan sold, Groupe SEB donated €1 to Unicef, which represents one day of nutrition.
On 16 December 2011, Groupe SEB acquired a majority interest in Maharaja Whiteline, a leading producer of small electrical appliances in India. The transaction gives SEB a 55% interest in the company, with the remaining shares held by its founder Harish Kumar and his family. Harish Kumar will continue to serve as Chairman and Chief Executive...
The French trade magazine LSA devoted to retail trends and mass consumption, held its 32nd Innovation Awards in Paris on December 7. The magazine rewards retail and industry professionals responsible for innovative products, concepts or marketing plans which stood out during the year. This year, the LSA jury, made up of the magazine...
Sales Hold Firm in a Challenging Environment
Continued solid growth, operating margin on track A good third quarter: Business generally remained brisk in the third quarter Operating margin improved The Group is financially solid
Groupe SEB was today authorized by the Ministry of Commerce of the People’s Republic of China (MOFCOM) to raise its interest in Supor to 71.31% of the capital, in accordance with the agreement with Supor’s founding shareholders that was signed on 16 February 2011 and made public on 17 February.
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...