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It’s Official – Philips Is Out of the TV Business…Globally

February 23, 2012 by tjgreen82 Leave a Comment

LCD TV PHILIPS<February 22, 2012> The final step in a move that has been expected by some for a long time has been completed as China’s TPV Technology Ltd. shareholders approved the acquisition of the money-losing TV division from Philips Electronics. While Philips exited the TV business here in the United States several years ago, the company enjoyed greater sales success – if not profitably – elsewhere in the world. In fact, at one time, Philips was one of the biggest television brands in the world – but no longer. [Read more…] about It’s Official – Philips Is Out of the TV Business…Globally

Filed Under: Asian Connection, Brands, Economic Trends, Industry Trends, Manufacturers, Pivot Point, Strategy Tagged With: exit, global, Philips, TPV Technology

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A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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