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Philips Domestic Appliances globally renamed as ‘Versuni’

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.
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