Philips Domestic Appliances globally renamed as ‘Versuni’

Philips Domestic Appliances globally renamed as ‘Versuni’

Daily Current Affairs / Philips Domestic Appliances globally renamed as ‘Versuni’

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Category : Business and economics Published on: February 22 2023

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Philips Domestic Appliances has been renamed as Versuni. This comes after Royal Philips sold its domestic appliance business to Hillhouse Capital in September 2021.
As a licensee of Royal Philips, the company will continue to use the Philips consumer brand, as well as Saeco, Gaggia and Philips Walita, on its products and services.
Versuni, which is headquartered in the Netherlands, is active in more than 100 countries, and has a global innovation, manufacturing, and commercial footprint.
With more than 900 patents on its name, the company’s portfolio spans kitchen appliances, coffee, climate care, garment and floor care.
Their other brands are: Saeco, Gaggia, Preethi, Philips Walita and L’OR Barista.

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