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Opening of representative offices in Thailand (Bangkok) and New Zealand (Auckland).
Takeover of full control of the Chinese joint venture created in 1996. |
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Redeployment in Central
Europe |
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Partial
take-over of Moulinex
September 7:
Moulinex files for bankruptcy.
September 28: Groupe SEB launches a take-over bid.
October 22: The Nanterre Commercial Court accepts Groupe SEB's
offer.
October 29: Groupe SEB becomes
official manager of taken over assets.
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Partial
take-over of Moulinex
January
8: the European Commission refers the takeover, in respect
of French territory, to the French Monopolies Commission, and authorises
the partial takeover of Krups-Moulinex by Groupe SEB in the European Union,
subject to the Moulinex brand being licensed for five years in nine European
countries.
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Opening of a branch in Taiwan and a subsidiary
company in Thailand.
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About Groupe SEB |
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Groupe SEB
is one of the worlds largest cookware and kitchen
utensil distributors with name such as Tefal, Rowenta,
Moulinex and Krups to name a few.
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A
Frenchman named Antoine Lescure created the company
in 1857. |
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The
Company was re structured and re founded in
1925. |
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1967
saw the beginning of electrical household products
such as the electric fryer. |
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1968
saw the acquisition of Tefal, specialist in nonstick
cookware. |
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In
1972 the acquisition of Calor specialist in irons,
hair dryers and portable heaters were introduced. |
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In
1975 Groupe SEB were listed in the Paris Stock
Exchange. |
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In
1988 the acquisition of Rowenta with its German and
French factories, making irons, electric coffee
makers, toasters and vacuum cleaners. |
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Groupe
SEB opened sales subsidiaries in Eastern Europe in
1996. |
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In
1999 Groupe SEB offices opened in Thailand and New
Zealand. |
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In
2003 more branches opened in Taiwan and a subsidiary
company in Thailand. |
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SEB is
present in over 120 countries. |
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SEB
sells 4 products every second in the world. |
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SEB
employs 14,690 people in 45 countries. |
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In
2003, Groupe SEB posted sales of €2,348 million. |
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www.tefal.co.uk |
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