Groupe SEB

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SEB SA
Société anonyme
Traded as EuronextSK
CAC Mid 60 Component
Industry Small appliances
Founded 1857; 161 years ago (1857)[1]
Headquarters Ecully, France[1]
Area served
Worldwide
Key people
Thierry de La Tour d'Artaise
(Chairman)[1]
Revenue €4.77 billion (2015)
€206 million (2015)
Number of employees
24,927
Website www.groupeseb.com

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, Tefal 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.

Company history[edit]

Groupe SEB plants in the world

The precursor to the Groupe SEB consortium was originally formed by Antoine Lescure in 1857.

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 51.36% interest in the Chinese cookware company Supor. For the second half of the year, Groupe SEB did not predict major changes in outlook.[2]

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.[3]

References[edit]

  1. ^ a b c "Company Description: SEB SA". businessweek.com. BusinessWeek. Retrieved 27 September 2012. 
  2. ^ "First Half 2008 Report". Group SEB. 2008. Archived from the original on 2008-11-17. 
  3. ^ "Chairman's Message- 2004 Annual Report". Group SEB. 2004. Archived from the original on 2006-04-06. 

External links[edit]