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Electrolux Prepares To Spin Off Its Professional Business, While Reporting Flat 2019 Sales For The Division

March 7, 2020
by The Ashton Report
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Written by The Ashton Report
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Saying it is entering an “intense transformation phase,” the Electrolux Group, based in Stockholm, Sweden, has announced financial results for the fourth quarter 2019 and full-year 2019. In anticipation of spinning off its Electrolux Professional business as a separate publicly held company in March this year, it reported results for Professional separately from the rest…

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