The former New Zealand Company Fisher & Paykel is today a 100% owned Chinese Company, with the Haier Corporation of China’s acquisition being very much about hiding the Chinese ownership and benefiting from the strong consumer sentiment associated with Fisher & Paykel.
China’s Haier to took complete control of NZ’s F&P Appliances whose traded as Fisher & Paykel back in 2012 and very few people know this.
Initially they acquired 90 percent of New Zealand’s top white-goods maker, they then bought out the remaining minority shareholders to complete the NZ$927 million (A$766 million) takeover.
The Company was then delisted from the New Zealand stock exchange.
Haier Group Corporation is a multinational home appliances and consumer electronics company headquartered in Qingdao, China.
The home appliances business, namely Haier Smart Home, has seven global brands – Haier, Casarte, Leader, GE Appliances, Fisher & Paykel, Aqua and Candy.
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Mitsubishi actually have great consumer reviews, 10 years plus, not just bought it 5 minutes ago.
China’s Haier to took complete control of NZ’s F&P Appliances whose traded as Fisher & Paykel back in 2012 and very few people know this.
Initially they acquired 90 percent of New Zealand’s top white-goods maker, they then bought out the remaining minority shareholders to complete the NZ$927 million (A$766 million) takeover.
The Company was then delisted from the New Zealand stock exchange.
Haier Group Corporation is a multinational home appliances and consumer electronics company headquartered in Qingdao, China.
The home appliances business, namely Haier Smart Home, has seven global brands – Haier, Casarte, Leader, GE Appliances, Fisher & Paykel, Aqua and Candy.
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Mitsubishi actually have great consumer reviews, 10 years plus, not just bought it 5 minutes ago.