Groupe SEB

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Groupe SEB
TypeSociété anonyme
EuronextSK
CAC Mid 60 Component
IndustrySmall appliances
Founded1857; 164 years ago (1857)[1]
Headquarters,
Area served
Worldwide
Key people
Thierry de La Tour d'Artaise
(Chairman)[1]
Revenue€6.8 billion (2018)
€419 million (2018)
Number of employees
25,985 (2017)[2]
SubsidiariesTefal, Rowenta, Krups and others
Websitegroupeseb.com

Groupe SEB (Société d'Emboutissage de Bourgogne) is a large French consortium that produces small appliances, and it's the world's largest manufacturer of cookware. Notable brand names associated with Groupe SEB include All-Clad, IMUSA , Krups, Moulinex, Rowenta, Tefal (including OBH Nordica) and WMF Group. 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.

History[edit]

Groupe SEB plants in the world

The precursor to the Groupe SEB consortium was originally formed by Antoine Lescure in 1857. In 1977, they released the dedicated first-generation home video game console Telescore 750. Later, they released two revisions, the Telescore 751 and the Telescore 752.

Recent performance[edit]

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 61% interest in the Chinese cookware company Supor. For the second half of the year, Groupe SEB did not predict major changes in outlook.[3]

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.[4]

References[edit]

  1. ^ a b c "Company Description: SEB SA". BusinessWeek. Retrieved 27 September 2012.
  2. ^ "Groupe SEB company profile". August 8, 2019.
  3. ^ "First Half 2008 Report". Group SEB. 2008. Archived from the original on 2008-11-17.
  4. ^ "Chairman's Message – 2004 Annual Report". Group SEB. 2004. Archived from the original on 2006-04-06.

External links[edit]