Philips Domestic Appliances
In 2021 Philips sold its Domestic Appliances business (kitchen, coffee, garment care and home care appliances), along with a 15-year brand license agreement, to Hillhouse Capital.
|Philips Domestic Appliances||NLD||website|
| Hillhouse Capital Management Ltd
owns 100% of Philips Domestic Appliances
|Philips Domestic Appliances|
|No assessment data currently available for Philips Domestic Appliances|
|Hillhouse Capital Management Ltd|
In 2017, a child abuse scandal at RYB Education Inc. reduced its stock price by nearly 40%. The collapse cost the company's top ten institutional investors, including this company which is China's largest private equity fund, a combined US$52 million on paper. The losses might have been avoided if investors had taken into account some inherent weaknesses in RYB's business model which had a lack of background checks on teachers, and an increasing dependence of a network of lucrative franchise operations over which the parent company had little control. If more diligence work has been done by Hillhouse Capital, it could have avoided a two-day paper loss of US$4.4 million on the 430,000 RYB shares it holds.
Source: China Money Network (2017)
|Revenue||2.2 billion EUR (2020)|
Products / BrandsPhilips Domestic Appliances
Philips Vacuum Cleaners
Philips Coffee Machines
Philips Small Kitchen Appliances
Saeco Coffee Machines