Automatic coffee machines, steam generator, air purifier, aqua vacuum cleaner, etc are among its successful products
Royal Philips announced to review options for future ownership of its domestic appliances business. Philips will create a separate legal structure for this business within the Philips Group, expected to be completed in 12 to 18 months.
In 2019, the domestic appliances business achieved sales of €2.3 billion in kitchen appliances, coffee, garment care, and home care appliances.
At the same time, Philips’ €3.5 billion personal health businesses will keep on playing an important role in the company’s integrated approach to support the health and well-being of its customers.