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Philips Consumer Lifestyle
Versuni (formerly Philips Consumer Lifestyle) is a privately-owned Dutch company, headquartered in Amsterdam, which produces consumer electronics and small appliances. Formerly a subsidiary of Dutch electronics conglomerate Philips, it was sold to Chinese private equity firm Hillhouse Investment in 2021. Versuni sells their products under the Philips brand name (under license), as well as under the brands Preethi, Gaggia and Saeco (under license from Italian coffee-maker manufacturer Evoca Group), Senseo and L'Or and Baristina. History While Philips' first product was manufactured in 1891, the first product that would fit in the Consumer Electronics division was a television, experimentally manufactured in 1925. In 1927, Philips began producing radios. Only five years later, Philips had sold one million of them. One other major product release came in 1963, when the Compact Cassette was introduced. After Philips Consumer Electronics acquired companies as Magnavox and Sylvania ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ...
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Television Set
A television set or television receiver (more commonly called TV, TV set, television, telly, or tele) is an electronic device for viewing and hearing television broadcasts, or as a computer monitor. It combines a tuner, display, and loudspeakers. Introduced in the late 1920s in mechanical form, television sets became a popular consumer product after World War II in electronic form, using cathode-ray tube (CRT) technology. The addition of color to broadcast television after 1953 further increased the popularity of television sets in the 1960s, and an outdoor antenna became a common feature of suburban homes. The ubiquitous television set became the display device for the first recorded media for consumer use in the 1970s, such as Betamax, VHS; these were later succeeded by DVD. It has been used as a display device since the first generation of home computers (e.g. Timex Sinclair 1000) and dedicated video game consoles (e.g., Atari) in the 1980s. By the early 2010s, flat-panel te ...
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BusinessWire
Business Wire is an American company that disseminates full-text press releases from thousands of companies and organizations worldwide to news media, financial markets, Financial statement, disclosure systems, investors, information web sites, databases, bloggers, social networks and other audiences. It is a wholly owned subsidiary of Berkshire Hathaway. History Business Wire was founded in 1961 by Lorry I. Lokey. It started by sending releases to 16 media outlets in California. Business Wire launched its website in May 1995. In 2000, ahead of its main competitor PR Newswire, Business Wire ended the practice of distributing news to financial outlets 15 minutes before anyone else, to provide immediate, equal access to company information as noted by the SEC's fair disclosure regulation (Reg FD). Business Wire's first wholly owned European operation launched in 2001, with the opening of an office in London. On June 1, 2005, Business Wire entered the German Ad-Hoc market with a dis ...
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Zhang Lei (investor)
Zhang Lei (born 1972) is an investor and philanthropist. He is the founder and chairman of Hillhouse Investment, the largest private equity firm operating in Asia as of October 2021. Early life and education Lei received a scholarship to Renmin University of China, where he received a bachelor's degree in economics in 1994. In 1999, Lei took a class taught by David F. Swensen, who was the chief investment officer of the Yale Endowment. Swensen became a mentor to Lei, leading to Lei interning at the Yale Endowment, his first position in finance. During his studies, Lei interned at the Yale University Endowment. Lei translated Swensen's book, ''Pioneering Portfolio Management, An Unconventional Approach to Institutional Investment'' (2000), into Chinese while studying at Yale, which, according to the ''Financial Times,'' involved creating new Mandarin words for "endowment" and "fiduciary". Lei's investing philosophy is largely based on Swensen's teachings. In 2002, he received an ...
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TP Vision
TP Vision (TP standing for TPV Philips) is a wholly owned subsidiary of TPV Technology, based in Amsterdam, Netherlands. It develops, manufactures and markets Philips branded TV sets and Philips Professional Displays and LEDwalls in Europe, Russia, the Middle East, Brazil, Argentina, Uruguay, Paraguay, Mexico, Peru, Chile and selected countries in Asia-Pacific, serving both the consumer and hospitality markets. History In 2011, Philips announced its intention to sell a majority stake in its HDTV business to TPV Technology. In April 2012, all 3300 employees of Philips' TV division were transferred to TP Vision, a joint venture 70% owned by TPV Technology, headquartered in Hong Kong, China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ... and 30% by Royal Philips Electronics. Ph ...
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TPV Technology
TPV Technology Limited (informally TPV, ) is a Fortune China 500 multinational electronics manufacturing company headquartered in Kwun Tong, Hong Kong, and incorporated in Bermuda. It is the world’s largest manufacturer of computer monitors with a 33% market share. TPV designs and produces a full range of CRT and TFT LCD monitors as well as LCD TVs for distribution globally. It owns brands such as AOC, Envision, and Philips for some products (TPV obtained the brand name of Philips from Koninklijke Philips N.V.). It is also an original design manufacturer for other companies. The company started privatization in late 2019. History The company was founded in 1990 in Taiwan as Top Victory Electronics, as the mainland China manufacturing plant of AOC International (founded in 1967). In September 2005, TPV Technology acquired part of Philips' monitor and entry-level flat screen TV manufacturing business, making it the largest display manufacturer in the world. In March 2008 ...
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Videocon Group
Videocon Industries Limited is an Indian multinational conglomerate, headquartered in Mumbai. The company was founded in 1979, by Venugopal Dhoot. The group had 17 manufacturing sites in India and plants in mainland China, Poland, Italy and Mexico. It was the third largest picture tube manufacturer in the world valued at 5.5 billion. The company stopped trading and entered corporate insolvency proceeding in June 2018. In June 2021, NCLT approved Vedanta Group's bid to take over Videocon, paving the way for the new ownership. Early years In 1985, Aurangabad based Nandlal Madhavlal Dhoot founded and incorporated Videocon International with a goal of manufacturing 1 lakh TV sets per year. "''Videocon became the first company to bring colour TVs in India''," claims Anirudh Dhoot, the founder's grandson ( Venugopal Dhoot's son) and Videocon's current director. Corporate profile The Videocon group's core areas of business are consumer electronics and home appliances. They div ...
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Funai
is a Japanese consumer electronics company headquartered in Daitō, Osaka. Currently, it is in liquidation. Apart from producing its own branded electronic products, it was also an OEM providing assembled televisions and video players/recorders to major corporations such as Sharp, Toshiba, Denon, and others. Funai supplies inkjet printer hardware technology to Dell and Lexmark, and produces printers under the Kodak name. Its United States–based subsidiary Funai Corporation, Inc., based in Torrance, California, markets Funai products in the US, along with Funai-licensed brands including Philips, Magnavox, Emerson Radio, and Sanyo. Funai is the main supplier of electronics to Walmart and Sam's Club stores in the US, with production output in excess of 2 million flat-panel televisions during the summertime per year for Black Friday sale. History Funai was founded by Tetsuro Funai, the son of a sewing machine manufacturer. During the 1950s before the company was form ...
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Business Today (India)
''Business Today'' is an Indian fortnightly business magazine published by Living Media, Living Media India Limited, in publication since 1992. Circulation ''Business Today'' has the highest circulation and readership amongst business magazines, and is among the top 10 English-language magazines across genres. It is published once a fortnight, and commands a readership base of 1.7 million readers. Events ''Business Today'' events is a group of programmes that includes the signature BT MindRush and BT Best CEO Awards. BT does events such as India@100 Economy Summit. Leadership In May 2021, India Today Group elevated Rahul Kanwal to the role of executive director of ''Business Today''. References External links Official website
1992 establishments in India Biweekly magazines published in India India Today Group Business magazines published in India Magazines established in 1992 English-language magazines published in India {{business-mag-stub ...
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Business Standard
''Business Standard'' is an Indian English-language daily edition newspaper published by Business Standard Private Limited, also available in Hindi. Founded in 1975, the newspaper covers the Indian economy, infrastructure, international business and trade, information on financial quotations, corporate governance, and a range of other financial news, opinions and insights. The main English-language edition comes from 12 regional centres: Mumbai, New Delhi, Kolkata, Bengaluru, Coimbatore, Chennai, Ahmedabad, Hyderabad, Chandigarh, Pune, Lucknow, Bhubaneswar, and Kochi, and reaches readers in over 1,000 towns and cities across India. History The newspaper's initial owner had been the Kolkata-based ABP Group. Circulation was rising, but losses were rising, possibly to above Rs 50 crore, and ABP could not support it. ABP hoped that the government would allow the ''Financial Times'' to take an equity stake in Business Standard Limited and bring in funds. In 1997, ''Business Ti ...
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Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Japanese holding company, Nikkei, Inc., Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson plc, Pearson sold the publication to Nikkei for Pound sterling, £844 million (US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. In 2023, it was reported to have 1.3 million subscribers of which 1.2 million were digital. The newspaper has a prominent focus on Business journalism, financial journalism and economic analysis rather than News media, generalist reporting, drawing both criticism and acclaim. It sponsors an Financial Times and McKinsey Business Book of the Year Award, annual book ...
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Osram Sylvania
Osram Sylvania Inc. is the North American operation of lighting manufacturer Osram. It was established in January 1993, with the acquisition of GTE's Sylvania lighting division by Osram GmbH. In 2016, Osram spun off its general lighting business to Ledvance which received a license to sell lighting products under the Osram and Sylvania names. The company produces lighting products for industrial, entertainment, medical, and smart building and city applications, as well as products for the automotive aftermarket and original equipment manufacturer markets. Osram Sylvania completed a move of its regional headquarters from Danvers, Massachusetts, to Wilmington, Massachusetts Wilmington is a town in Middlesex County, Massachusetts, United States. Its population was 23,349 at the 2020 United States census. History Wilmington was first settled in 1665 and was officially incorporated in 1730, from parts of Woburn, Re ..., on October 12, 2015. Company profile Osram Sylvania s ...
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