Philips invited Chinese buyout firm CDH Investments and domestic appliance maker TCL Technology Group Corp. to lodge second-round offers,
Under an agreement, TPV has global licensing rights to manufacture and sell Philips branded TV and audio
The factory in Glemsford, Suffolk, produces babycare products, mainly for export to other European countries
India will be the third biggest TV market in the world with sales growing at an average 11 per cent over the next three years
Riding on the high brand value of Philips among the Indian consumers, TPV Technology is aiming to be among the top 5 brands here in the TV segment and capture a market share of 6 to 8% by Dec 2020
The announcement was made as Philips launched the latest range of Philips Trimmers BT 3000 Series
Here's why India is important for Philips' transformation from a consumer company to a health-tech major
The Dutch firm is moving more aggressively to bolster its growing health care business
Net profit soared to $281 million in the first 3 months of 2017
Philips Home Care offers facilities like assistíng patients to recover, regain lost health etc
Net profit surged by 18 per cent to $417 million in the third quarter
Dutch healthcare company 2nd-quarter sales were up 3%, led by growth of 5% at its health technology businesses
Interview with Vice-Chairman and Managing Director, Philips India