logo
New Electrolux Vacuum Elevates Home Care Game

New Electrolux Vacuum Elevates Home Care Game

Company launches its first wet-dry vacuum in North America
CHARLOTTE, N.C., May 21, 2025 /PRNewswire/ -- The company has launched its first wet-dry vacuum under the Electrolux brand in North America, with two models designed to clean everyday messes with flexibility and ease.
The Electrolux 2-in-1 Wet-Dry Vacuum standard model is perfect for hard surfaces, while the Complete Home model adds a convenient, motorized bristle attachment for tackling carpeted areas for a complete home cleaning. The products are priced at $499 and $699, respectively, and are now available on Electrolux.com.*
'We're pleased to be bringing these efficient, versatile vacuum cleaners to the North American market under our Electrolux brand, as we strive to help consumers live better,' says Jackie Orsini, director for Consumables & Accessories, Small Domestic Appliances and Wellbeing for Electrolux Group North America. 'We understand consumer preferences vary, and these models ensure their family's needs are met while also reducing the number of floorcare appliances in the home.'
The products' features will elevate consumers' cleaning routines in the following ways:
* Pricing and promotions subject to change and can vary by retailer.
About Electrolux Group
Electrolux Group is a leading global appliance company that has shaped living for the better for more than 100 years. We reinvent taste, care and wellbeing experiences for millions of people, always striving to be at the forefront of sustainability in society through our solutions and operations. Under our group of leading appliance brands, including Electrolux, AEG and Frigidaire, we sell household products in around 120 markets every year. In 2024, Electrolux Group North America had sales of $4.3 billion and employed more than 9,000 people. For more information go to www.electroluxgroup.com.
View original content to download multimedia: https://www.prnewswire.com/news-releases/new-electrolux-vacuum-elevates-home-care-game-302461827.html
SOURCE Electrolux Group
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Kamet Capital Leads Exclusive Series A Investment in AI Avatar Pioneer TopView
Kamet Capital Leads Exclusive Series A Investment in AI Avatar Pioneer TopView

Yahoo

time6 hours ago

  • Yahoo

Kamet Capital Leads Exclusive Series A Investment in AI Avatar Pioneer TopView

Kamet Capital backs industry-first AI avatar platform enabling digital humans to physically interact with products SINGAPORE, Aug. 5, 2025 /PRNewswire/ -- Kamet Capital, a leading multi-single-family office headquartered in Singapore, has announced the completion of its exclusive Series A investment of USD 8.5 million into ("TopView"). The fast-rising AI-powered product content creation platform is transforming how brands produce immersive and conversion-driven e-commerce content through breakthrough AI avatar technology. Launched in Singapore in 2024, TopView is a next-generation content creation platform that harnesses proprietary AI and digital human technology to revolutionise how businesses produce high-quality video content. Its platform empowers brands to create immersive, UGC-style videos and product photos at scale without the need for filming, editing, actors, or KOLs. With its industry-first capabilities, including lifelike AI avatars that can physically interact with products on screen, TopView transforms conventional product showcases into dynamic, conversion-driven experiences. TopView's latest Product Avatar and Product AnyShoot version 2.0 solutions require only one product image to generate hyper-realistic content featuring AI avatars that look and behave like real-life presenters. These avatars can "physically" catch, hold, and demonstrate products onscreen, and unlock a whole new level of avatar-product interaction for brands looking to create engaging and scalable product content for e-commerce, livestreaming, and social media marketing. Driven by its breakthrough technology, TopView has achieved exceptional commercial momentum, recording over 50% month-over-month growth in recurring revenue since the release of V2.0. Its growing roster of enterprise clients includes major regional and international brands such as L'Oréal, ANTA, and Anker. TopView's rise is further bolstered by Kamet Capital's strategic support. In addition to leading the Series A funding, Kamet provided comprehensive incubation support, offered workspace at its offices in the company's early days, guided the setup of its global headquarters in Singapore, and facilitated business development across Southeast Asia. Kamet also connected TopView to a broader network of families and founders through its proprietary Founders Network. "At Kamet, we seek out visionary founders with disruptive ideas capable of reshaping industries," said Kerry Goh, Founder and CEO of Kamet Capital. "TopView represents not only a rare AI investment opportunity from Asia but also exemplifies our ability to leverage Kamet's deep Founders Network to source, support, and scale emerging leaders in high-growth sectors." TopView was co-founded by Jensen Wu and Albert Chen, whose careers span years at one of Asia's top 5 tech giants. Within one year of setting up in Singapore, the company caught the attention of the prominent Silicon Valley venture capital firm, Andreessen Horowitz (a16z), which featured TopView in its investment thesis on AI avatars. Singapore's emergence as Asia's Palo Alto made it the natural choice for TopView's headquarters. With its deep tech talent pool, the presence of regional or international headquarters of major tech firms, and the support of forward-looking venture capital, such as Kamet's Founders Network, Singapore offered an ideal environment for TopView's next phase of growth. TopView has strong potential to transform sectors and build capabilities in Singapore. It was selected for Singapore's IMDA Spark programme, and its founder, Jensen Wu, is also part of the Singapore Economic Development Board (EDB)'s Global Founder Programme, a support initiative for experienced founders to scale global ventures in Singapore. "We're entering a new era where AI avatars can now act, present, and connect like real humans on behalf of brands," said Jensen Wu, Co-Founder and CEO of TopView. "Our technology aims to reshape the boundaries of digital commerce by turning product pages into rich, interactive experiences. Kamet's backing accelerates our ability to scale globally, while anchoring our innovation in Singapore – a world-class launchpad for the next generation of AI-powered storytelling." "AI avatars represent one of the most exciting frontiers in next-generation digital commerce," added Kerry. "With TopView, Singapore is well-positioned to play a leadership role in this emerging space." Kamet continues to explore new investment opportunities in the most innovative areas and welcomes more families and investors to join its Founders Network and co-participate in such deals. About Kamet Capital Kamet Capital is a leading wealth management firm headquartered in Singapore, pioneering the multi-single-family office model in Asia. Founded in 2017, Kamet Capital is dedicated to serving ultra-high-net-worth families and individuals with a comprehensive suite of services that include investment management, wealth planning, international mobility solutions, household management, administrative support, and philanthropy. Its innovative approach combines the personalised attention of a single-family office with the robust capabilities and efficiencies of a multi-family office to cater to the dynamic needs of affluent families and founders across Asia. With a commitment to excellence and innovation, Kamet Capital continues to shape the future of the family office sector, providing unparalleled support and strategic solutions to ensure the prosperity and growth of our clients' legacies. View original content to download multimedia: SOURCE Kamet Capital

Canada Goose monitors US trade policy as revenue improves
Canada Goose monitors US trade policy as revenue improves

Yahoo

time7 hours ago

  • Yahoo

Canada Goose monitors US trade policy as revenue improves

This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. Dive Brief: Canada Goose's first quarter net revenue increased 22.4% year over year to 107.8 million Canadian dollars (about $78 million at the time of publishing), per a company press release Thursday. The apparel brand's direct-to-consumer revenue jumped about 24% and wholesale grew 12%. While gross profit improved about 26% to CA$66.2 million, Canada Goose's operating loss grew nearly 64% to CA$158.7 million and net loss increased 70% to CA$125.5 million. The company did not provide forward-looking guidance. 'As we see, anything can happen at any day,' CFO Neil Bowden said on a call with analysts Thursday. 'So we're maintaining a bit of prudence around what the outlook is for the year.' Dive Insight: As the state of U.S. and Canadian trade policies continues to fluctuate, Canada Goose is steadfast in monitoring the situation. 'We continue to monitor the ongoing developments as it relates to potential new U.S. tariffs on Canadian goods as well as potential second-order impacts on the consumer,' Bowden remarked on the call. The executive reiterated that about 75% of the brand's inventory is manufactured in Canada and 'virtually all comply with the USMCA requirements, making them currently exempt from tariffs.' From a regional perspective, Canada Goose's North American revenue was up 27% in Q1 led by DTC growth. Bowden noted that stores 'led the way with double-digit DTC comp sales growth each month in the quarter.' The brand is traditionally known for its cold-weather, high-end apparel, but it's been on a journey to expand past that reputation. In its press release Thursday, Canada Goose highlighted the release of its second Snow Goose capsule collection that featured a campaign set in the summery deserts of Utah. The latest release under creative director Haider Ackermann emphasized lightweight fabrics to reimagine classic styles from the brand. 'Newness is a new theme underpinned by the new Creative Director, Haider Ackermann, (appointed on May 2024), and we think the time is right for marketing spend in conjunction with faster and more relevant as well as lifestyle product flows,' TD Cowen analysts said in a note shared with Retail Dive on Friday. Nonheavyweight product is key to improving sales productivity and competing with top-tier luxury brands, the analysts added. The sentiment is shared by Canada Goose executives. 'When you look at the apparel growth that we've seen, we're a brand that is known for warmth,' Brand and Commercial President Carrie Baker said on the call with analysts. 'And outside of winter, we're just really not known as that brand, but this campaign, the collection really challenge that perception and people responded to it.' Recommended Reading Levi's braces for effects of economic uncertainty on consumers Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Acuren Corporation Completes Merger with NV5 Global, Inc. to Create a Market-Leading North American Provider of TICC Services
Acuren Corporation Completes Merger with NV5 Global, Inc. to Create a Market-Leading North American Provider of TICC Services

Business Wire

time10 hours ago

  • Business Wire

Acuren Corporation Completes Merger with NV5 Global, Inc. to Create a Market-Leading North American Provider of TICC Services

TOMBALL, Texas--(BUSINESS WIRE)--Acuren Corporation (the ' Company ' or ' Acuren ', NYSE: TIC), a leading provider of tech-enabled Testing, Inspection, Certification, and Compliance (TICC) services and critical asset integrity solutions, today announced the successful completion of its previously announced combination with NV5 Global, Inc. (' NV5 ', NASDAQ: NVEE). With over $2 billion of revenue, this transaction creates a market-leading North American provider of TICC and engineering services, enhancing Acuren's ability to serve both new and existing customers across critical industrial assets, public infrastructure, and the built environment. In addition, the Company announced the appointment of three new directors to its Board of Directors: Dickerson Wright, former Executive Chairman of NV5, Ben Heraud, former CEO of NV5, and Byron Roth, Executive Chairman of Roth Capital Partners. Ben Heraud has also been appointed President and Chief Operating Officer of Acuren and will be providing leadership to the Company's three newly formulated operating segments: Inspection and Mitigation, Engineering and Lab, and Geospatial. 'This is a defining moment for both companies,' said Tal Pizzey, Chief Executive Officer of Acuren. 'Today marks the beginning of a new chapter as we unite two proven operators with collective expertise across the asset integrity life cycle. By bringing together Acuren's deep industrial and maintenance acumen with NV5's engineering and geospatial strengths, we've created a business uniquely positioned to serve a broader set of customers across the entire asset lifecycle.' 'This combination enhances our recurring revenue base, unlocks compelling cross-sell potential, and sets us up for long-term growth as a leading North American player in our sector,' Pizzey continued. 'I'm proud of the teams that brought us here and am energized by what this scale provides for our customers, employees, and investors. We are excited to move forward as one team, delivering on the synergies and growth potential that lie ahead.' The completion of this transformative transaction aligns with Acuren's strategic objectives to broaden its service offerings, diversify its end-market exposure, and expand its global reach. Together, the businesses will serve a wide range of high-value sectors including infrastructure, energy, utilities, government, and data centers, with over 11,000 employees across more than 230 locations. 'We expect meaningful synergy capture through cross-selling, corporate cost optimization, and complementary geographic footprint, while delivering strong free cash flow and a swift deleveraging to below three times net leverage. It is our intent to present a comprehensive strategic plan to investors after completing our internal review and planning process,' said Robert Franklin, Executive Chairman of Acuren. Tal Pizzey and Ben Heraud will join Robert Franklin and Sir Martin Franklin (Co-Chairman of Acuren) in a newly formed Office of the Chairmen to provide aligned, collaborative strategic leadership. 'This transaction brings together two organizations with a shared commitment to excellence, innovation, and a strong people-first culture,' said Dickerson Wright, former Executive Chairman of NV5. 'NV5 has built a strong reputation for technical leadership across infrastructure, utility, buildings & technology, environmental, and geospatial services. I am confident that Acuren is the ideal partner to extend that legacy, preserve our culture, and deliver enhanced value to our shareholders and stakeholders. The combined business is well-positioned to unlock new growth opportunities, and I'm excited to support its continued success as a member of the Acuren Board.' NV5 Stockholders will receive $23.00 per share, consisting of $10.00 in cash and 1.1523 shares of Acuren Common Stock for each share of NV5 Common Stock. This represents an enterprise value of approximately $1.7 billion, including full repayment of NV5's outstanding debt. The final exchange ratio was calculated based on the volume-weighted average price (VWAP) of Acuren's common stock of $11.28 for the 10-trading day period ended August 1, 2025. The transaction was approved by the stockholders of each of Acuren and NV5 at their respective stockholder meetings on July 31, 2025. The closing of the transaction follows the receipt of required regulatory approvals in all applicable jurisdictions. NV5's common stock has ceased trading immediately prior to market open on August 4, 2025, and will no longer be listed on the NASDAQ. Acuren's common stock will continue to be listed on the New York Stock Exchange with the ticker symbol TIC. About Acuren: Acuren is a leading provider of tech-enabled Testing, Inspection, Certification, and Compliance (TICC) services and critical asset integrity solutions. Operating primarily in North America, Acuren serves diversified end markets that are essential to the North American economy, including industrials, infrastructure, energy, midstream, and renewables. Acuren supports clients across the full asset lifecycle, from commissioning to compliance, powering its solutions with unique go-to-market methods including advanced inspection and nondestructive testing (NDT), Rope Access Technician (RAT) mitigation services, materials engineering services, lab analysis and destructive testing, proprietary software, and drone-enabled geospatial analytics. Acuren's TICC services are mission-critical, frequently compliance-mandated, and typically recurring in nature. For more information, please visit Cautionary Note Regarding Forward-Looking Statements: Certain statements in this press release are 'forward-looking' statements based on assumptions currently believed to be valid. Forward-looking statements are all statements other than statements of historical facts. The words 'anticipate,' 'believe,' 'ensure,' 'expect,' 'if,' 'intend,' 'estimate,' 'probable,' 'project,' 'forecasts,' 'predict,' 'outlook,' 'aim,' 'will,' 'could,' 'should,' 'would,' 'potential,' 'may,' 'might,' 'anticipate,' 'likely' 'plan,' 'positioned,' 'strategy,' and similar expressions or other words of similar meaning, and the negatives thereof, are intended to identify forward-looking statements. Specific forward-looking statements in this press release include statements regarding the Company's expectations and beliefs regarding (i) creating a market leading provider of TICC and engineering services, (ii) its operating segments, (iii) its recurring revenues, cross-selling opportunities and long-term growth, (iv) benefits and synergies of the combination, (v) free cash flow and net leverage, and (vi) its strategic plans. The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including, among others, (i) economic conditions affecting the industries Acuren and NV5 serve, including the construction industry and the energy sector, as well as general economic conditions; (ii) the ability and willingness of customers to invest in infrastructure projects; (iii) a decline in demand for Acuren's or NV5's services or for the products and services of their customers; (iv) the fact that Acuren's revenues are derived primarily from contracts with durations of less than six months and the risk that customers will not renew or enter into new contracts; (v) Acuren's ability to successfully acquire other businesses, successfully integrate acquired businesses into its operations and manage the risks and potential liabilities associated with those acquisitions; (vi) Acuren and NV5's ability to compete successfully in the industries and markets they serve; (vii) Acuren and NV5's ability to properly manage and accurately estimate costs associated with specific customer projects, in particular for arrangements with fixed price terms; (viii) increases in the cost, or reductions in the supply, of the materials used in Acuren and NV5's business and for which we bear the risk of such increases; (ix) the inherently dangerous nature of the services Acuren and NV5 provide and the risks of potential liability; (x) the seasonality of Acuren's and NV5's business and the impact of weather conditions; (xi) Acuren's ability to remediate any material weaknesses; (xii) the impact of health, safety and environmental laws and regulations, and the costs associated with compliance with such laws and regulations; (xiii) Acuren's substantial level of indebtedness and the effect of restrictions on its operations set forth in the documents that govern such indebtedness, (xiv) the combined company may fail to realize anticipated synergies or other benefits expected from the Merger in the timeframe expected or at all and (xv) the ultimate timing, outcome, and results of integrating the operations of Acuren and NV5. For a detailed discussion of cautionary statements and risks that may affect Acuren's future results of operations and financial results, please refer to Acuren's filings with the SEC, including, but not limited to, the risk factors in Acuren's Annual Report on Form 10-K for the year ended December 31, 2024 which was filed with the SEC on March 27, 2025, and any amendments thereto, and in Acuren's registration statement on Form S-4 filed on June 25, 2025 and declared effective as of June 27, 2025, as supplemented or amended from time to time. Forward-looking statements included in this press release speak only as of the date hereof and, except as required by applicable law, Acuren does not undertake any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or circumstances after the date of this press release. All forward-looking statements speak only as of the date they are made and are based on information available at that time. Acuren assumes no obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store