Text: | Print|

Philips to split into two

2014-09-24 13:51 Global Times/Agencies Web Editor: Qin Dexing
1

Philips said Tuesday it would split the 120-year-old Dutch giant in two, separating its healthcare-lifestyle division from the historic lighting business in a dramatic streamlining move.

Both companies will continue to use the Philips name, the company said in a statement, noting that its HealthTech business had sales of 15 billion euros ($19 billion) in 2013 and its lighting business sales of 7 billion euros.

Comments (0)
Most popular in 24h
  Archived Content
Media partners:

Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.