Royal Philips is an international corporation that used to be actively involved in the production of home appliances and various electronic devices, but today it focuses on medical equipment and healthcare technologies.
The small household appliances division was spun off into a separate business back in 2008, but due to intense competition and relatively low profitability, the company decided to exit this segment. The first attempt to sell the division was made in 2013 to Funai, but the deal fell through. However, Philips’ management remained committed to divesting these assets. In 2021, the company completed the sale of its home appliances division, along with all related facilities, to Hillhouse Capital.
Emergence of Versuni
Based on the former Philips business, Versuni was created. This company is now responsible for the development, production, and sale of home appliances.
The appliances continue to be produced under the Philips brand, but now under a 15-year license granted to the new company. This means that the brand has been preserved, but the actual manufacturer has changed. Philips no longer participates in the production of these products, which are now manufactured by Versuni. These include coffee makers, kitchen appliances, garment care and ironing products, floor care devices such as vacuums and mops, climate control equipment, and pet care products.
Products manufactured by Philips
Modern Philips home appliances are manufactured at contract production facilities. The main manufacturing sites are located in China and other Asian countries, where OEM and ODM manufacturers operate.
Today, Royal Philips retains control over the development of personal care products as well as mother-and-child care devices. However, these products are not manufactured directly by Philips; they are developed by the company but produced by OEM partners.
Consumers can easily find out who manufactures a specific product on the official Philips website. By selecting a product and scrolling down the page, it is usually possible to see which company is responsible for its production.
