Home Retail LG consolidates home appliances business

    LG consolidates home appliances business


    Home appliances major LG Electronics India, has done an internal restructuring of the whole organization, by bringing separate home appliances wings under a single vertical. The company has combined three classes of products microwave, washing machine and vacuum cleaners with the refrigerator business to create a new kitchen appliances business group.

    LG Electronics targets at 66 pc rise in Q1
    LG Electronics Inc announced on Monday, that its profit will rise upto 66 per cent in the first quarter

    This new integrated business group would be headed by Mr. Anil Arora, who is currently heading the refrigerators business. Mr. Arora will take over from Mr. Rajiv Jain. Mr. Jain was not only the head of the washing machine business group but also microwave ovens and vacuum cleaners business has been made the head of product planning, strategic channel management and the Blue Ocean Group. Product planning involves new product development and Blue Ocean Group would look after innovations.