Groupe SEB (Société d'Emboutissage de Bourgogne) is a large French consortium that produces small appliances. Notable brand names associated with Groupe SEB include All-Clad, 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 in Ecully, a Lyon suburb.
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Company history
The precursor to the Groupe SEB consortium was originally formed by Antoine Lescure in 1857.
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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. Weakness in the European markets is expected to be balanced out by further growth in North America and Asia.
Source of the article : Wikipedia
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