• 11/25/2024

Electrolux Mulls Divestments as Demand Weakens

Wall Street Journal

Electrolux posted an unexpected second-quarter net loss of SEK648 million and said it was considering selling its Zanussi brand and other non-core assets to raise capital, as it now expects negative demand in all regions in 2023.

https://www.wsj.com/articles/electrolux-considers-divestments-to-raise-973-mln-after-swing-to-2q-net-loss-149bf52c