Philips to buy Chinese appliance company Povos
Hague - Afp
Dutch electronics giant Philips said Monday it had agreed to buy Chinese kitchen appliance company Povos. Philips announced the deal in a statement issued in Amsterdam but did not give financial details. It said the transaction, which was subject to confirmatory due diligence and other customary closing conditions, was expected to close in the fourth quarter of 2011. Based in Shanghai, Povos employs around 1,800 people and its product range included rice cookers, induction cookers, electric pressure cookers and kettles, all used widely in Chinese kitchens, Philips said.
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Paris - Emiratesvoice
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Beirut - NNA
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Paris - Emiratesvoice
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Taipei - Emiratesvoice
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Paris - Emiratesvoice
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to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
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