Philips Domestic Appliances globally renamed as ‘Versuni’

Philips Domestic Appliances globally renamed as ‘Versuni’

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

Change Language English Hindi

Category : Business and economics Published on: February 22 2023

Share on facebook
  • 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.
Recent Post's
  • R. Praggnanandhaa wins UzChess Cup Masters 2025 and becomes top-ranked Indian chess player.

    Read More....
  • Meesho gets shareholder approval to raise ₹4,250 crore via IPO after shifting domicile to India.

    Read More....
  • IPS officer Parag Jain appointed new RAW chief; played key role in Operation Sindoor.

    Read More....
  • ICC updates powerplay rules for shortened T20 matches effective from July 2025.

    Read More....
  • Power Ministry forms task force to develop 'India Energy Stack' for digital power infrastructure.

    Read More....
  • MNRE issues revised guidelines for Biomass Programme to promote clean energy adoption.

    Read More....
  • CBSE to hold Class 10 board exams twice a year from 2026 session; first phase mandatory, second optional.

    Read More....
  • NATO agrees to increase defence spending target to 5% of GDP by 2035 at The Hague summit.

    Read More....
  • India and South Africa sign agreements on submarine cooperation during defence talks.

    Read More....
  • Odisha wins women’s title in first Hockey India Masters Cup; Tamil Nadu enters men’s final.

    Read More....