Groupe SEB

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Groupe SEB

Type	Société anonyme
Traded as	Euronext: SK CAC Mid 60 Component
Industry	Small appliances
Founded	1857; 164 years ago (1857)[1]
Headquarters	Ecully , France[1]
Area served	Worldwide
Key people	Thierry de La Tour d'Artaise (Chairman)[1]
Revenue	€6.8 billion (2018)
Net income	€419 million (2018)
Number of employees	25,985 (2017)[2]
Subsidiaries	Tefal, Rowenta, Krups and others
Website	groupeseb.com

Groupe SEB (Société d'Emboutissage de Bourgogne) is a large French consortium that produces small appliances, and it's the world's largest manufacturer of cookware. Notable brand names associated with Groupe SEB include All-Clad, IMUSA , Krups, Moulinex, Rowenta, Tefal (including OBH Nordica) and WMF Group. According to the Groupe SEB website, they have faced considerable competition from low-price Chinese competitors, but have managed to maintain a constant sales level. A large proportion of their product lines are now manufactured in China. Its headquarters are in Ecully, a Lyon suburb.

History[]

Groupe SEB plants in the world

The precursor to the Groupe SEB consortium was originally formed by Antoine Lescure in 1857. In 1977, they released the dedicated first-generation home video game console Telescore 750. Later, they released two revisions, the Telescore 751 and the Telescore 752.

Recent performance[]

For the first half of 2008, Groupe SEB reported an increase in profit from 52 million euros in 2007 to 94 million euros. Groupe SEB now has a 61% interest in the Chinese cookware company Supor. For the second half of the year, Groupe SEB did not predict major changes in outlook.^[3]

In 2004, Groupe SEB acquired the high-end American cookware company All-Clad. Weakness in the European markets is expected to be balanced out by further growth in North America and Asia.^[4]

References[]

External links[]

• Group SEB website
  • English-language pages on website

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