Electronics

Dutch e-tailer Coolblue has delayed its IPO to "after the summer" as its shareholders need more time to prepare for the step. According to analysts, the decision is exceptional and not without any risk.

Korean LG Electronics, once the world's third largest smartphone producer, is quitting that particular market to focus on other activities.

Philips is selling its domestic appliances department to the Chinese investor Hillhouse Capital. In recent years, the Dutch multinational has divested most of its consumer products to increase its focus on medical technology.

Amazon is launching 'Build It', the latest project for its Day 1 Editions programme. Only when there is sufficient interest in a device or design will it be produced.

Fnac Darty, also the mother company of Vanden Borre, is satisfied with 2020: despite two lockdowns, turnover remained more or less stable. In the fourth quarter, there was even growth of nearly 10 per cent. E-commerce accounted for some 30 per cent of total sales.

Thanks to a sharp increase in demand for electrical appliances during lockdowns and an enormous growth in e-commerce, Ceconomy, MediaMarkt's parent company, can present a good report.

Media Markt and Saturn will not allow themselves to be side-lined now that Europe is once again under the spell of lockdowns. In Belgium, all stores had to be closed, and even then, the electrical retailer is selling well.