Groupe SEB
Encyclopedia
Groupe SEB is a large French consortium that produces small appliance
s. Notable brand names associated with Groupe SEB include Krups
, Moulinex
, Rowenta, and Tefal
. According to the Groupe SEB website, they have faced considerable competition from low-price Chinese competitors, but have managed to maintain a constant sales level. A large proportion of their product lines are now manufactured in China. Its Headquarters are based in Lyon, France.
In 2004, Groupe SEB acquired the high-end American cookware company All-Clad
. Weakness in the European markets is expected to be balanced out by further growth in North America and Asia.
Small appliance
Small appliance refers to a class of home appliances that are portable or semi-portable or which are used on tabletops, countertops, or other platforms in the United States of America...
s. Notable brand names associated with Groupe SEB include Krups
Krups
Krups is a German kitchen appliance manufacturer, named after its founder Robert Krups.It is often confused with the Krupp conglomerate.The company also produces a large variety of household appliances...
, Moulinex
Moulinex
Moulinex is a French brand of small electrical appliances and kitchen equipment and is owned by Groupe SEB. Moulinex was originally established as a company in 1937, however at the beginning of September 2001, Moulinex declared bankruptcy....
, Rowenta, and Tefal
Tefal
Tefal is a French cookware and small appliance manufacturer owned by Groupe SEB. Its name is a portmanteau of the words TEFlon and ALuminium.Tefal is known for creating the non-stick cookware category....
. According to the Groupe SEB website, they have faced considerable competition from low-price Chinese competitors, but have managed to maintain a constant sales level. A large proportion of their product lines are now manufactured in China. Its Headquarters are based in Lyon, France.
Company history
The precursor to the Groupe SEB consortium was originally formed by Antoine Lescure in 1857.Recent performance
For the first half of 2008, Groupe SEB reported an increase in profit from 52 million Euros in 2007 to 94 million Euros. Groupe SEB now has a 51.36% interest in the Chinese cookware company Supor. For the second half of the year, Groupe SEB does not predict major changes in outlook.In 2004, Groupe SEB acquired the high-end American cookware company All-Clad
All-Clad
All-Clad Metalcrafters is a manufacturer of high-performance bonded cookware with headquarters in Canonsburg, Pennsylvania. The company markets its cookware to department and specialty stores in the United States, Canada, Germany, UK and Australia along with premium All-Clad bonded ovenware,...
. Weakness in the European markets is expected to be balanced out by further growth in North America and Asia.