Hints and tips:
...The Grohe X platform had 70,000 views in the first week following its launch in March and 4,000 appointments with customers globally, including architects, designers and plumbers....
...Lixil has been pursuing legal action since 2015, when long-running accounting manipulations were discovered at a China-based subsidiary of Grohe — a Frankfurt-listed company named Joyou AG....
...In 2011, shortly after the Cais sold part of their stake in Joyou AG to Grohe, the elder Mr Cai registered a microcredit firm. That year, microcredit loans fetched between 24 and 45 per cent interest....
...Japanese bathroom fittings group Lixil acquired Joyou AG as part of its $3.05bn purchase of Grohe from private equity group TPG....
...Grohe has a controlling stake in Joyou....
...The transaction, which Grohe billed as “the largest-ever German investment by a Japanese company”, included Grohe’s 72.3 per cent holding in Joyou AG....
...TPG, the US private equity group, and other investors were the vendor of Grohe. Mr Fujimori said there was a warranty in the contract when it acquired Grohe....
...The company collapsed and went into administration in Germany soon after its parent, Grohe, was acquired by Lixil of Japan....
...This year Lixil paid more than Y400bn ($3.8bn) to acquire American Standard and Grohe in Germany, both plumbing and bathroom fixtures companies....
...TPG and Credit Suisse acquired Grohe for €1.5bn including debt in 2004....
...On Thursday it bought Grohe, a German maker of bathroom fittings worth €3.1bn (Y413bn)....
...Grohe was acquired for €1.5bn in 2004 by private equity funds run by TPG and Credit Suisse. Following a restructuring, Grohe navigated the financial crisis without cutting jobs....
...Mr Haines, a Briton, joined Düsseldorf-based Grohe as chief executive in 2004 when Grohe was acquired for €1.5bn by private equity funds run by TPG and Credit Suisse....
...Another Japanese company, Lixil, bought Grohe, a German maker of bathroom fittings worth €3.1bn....
...German sanitary fittings maker Grohe is buying its largest Chinese rival in a move aimed at tackling product piracy by Chinese companies, reports the FT....
...Grohe’s owners were reported earlier this month to be considering an initial public offering for the company....
...Hermann Gröhe, CDU general secretary and Merkel loyalist, said on Monday that “the majority” of the mothballed reactors could be closed as a result of “tough” safety checks and new resolve to move “quickly...
...Two other well-known companies – Germany’s Grohe and Ideal Standard, which acquired parts of the US American Standard conglomerate in a break-up three years ago – saw their fines reduced by 30 per cent in...
...Several dozen companies were believed to be involved in the probe, including well-known names such as American Standard and Grohe, and much smaller manufacturers....
...The close co-operation helped Grohe to avoid firing workers but still cut costs....
...David Haines, chief executive of Grohe, the German bathroom fittings company, says interest rates should not rise “for at least a year”....
...Joyou, which is 10 per cent owned by Grohe, a German tapmaker, raised about €105m, selling 8.05m shares at €13 each....
...There sales to consumers have risen 6 per cent so far this year but Grohe’s sales to the companies selling to the public have fallen by 12 per cent....
...“You see the transition of German corporate culture from the old to the new,” says David Haines, chief executive of Grohe, a maker of taps....
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