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...Fisher & Paykel Healthcare, a NZ$20bn maker of respiratory products used to treat Covid-19, has said that its profits in the year ending March 2021 could rise by as much as a third due to the pandemic....
...The Chinese company, which also owns New Zealand fridge-maker Fisher & Paykel and the white goods business formerly owned by Japan’s Sanyo, has the largest share — 14 per cent — of the global household electrical...
...With more than 1m customers, Ring has raised more than $200m in venture capital funding from investors including Kleiner Perkins Caufield and Byers and Draper Fisher Jurvetson....
...Four years ago, Haier bought 20 per cent of Fisher & Paykel, the high-end appliance maker, to help it sell its products in developed markets at higher margins....
...This week Haier made a $700m offer for one of New Zealand’s most famous appliance brands , Fisher & Paykel Appliances, in which Haier already has a 20 per cent stake....
...Haier offered NZ$564m or NZ$1.20 a share in cash, a 60% premium on the closing price of the New Zealand appliance maker. Haier already owns 20% of Fisher & Paykel....
...Fisher & Paykel Appliances (FPA) of New Zealand, in which Haier took a 20 per cent stake for $50m in May, was a case in point. Struggling with debt and weak demand, FPA needed recapitalisation....
...The announcement follows a move by Haier last month to acquire a 20 per cent stake in Fisher & Paykel Appliances, the New Zealand-based high-end white goods maker....
...He hasn’t sacrificed quality in his appliances either: a refrigerator by Australian manufacturer Fisher & Paykel has more space for cooling than most versions, while a separate drinks refrigerator is a luxury...
...When he was at Whirlpool, the household appliance maker, he ex-plains, a big study was undertaken of customers’ laundry practices to find new clues for product development....
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