Midea is set to invest $30 million in expanding its business to Latin and Central America with the operation headquartered in Miami, FL. The launch of the project will take place on January 23.
Newell Brands has announced a definitive agreement to sell its Rubbermaid consumer storage totes business to United Solutions, a leading supplier of plastic products for the home and office.
LG Electronics showcased a new lineup of intelligent robots at CES as part of its innovations in artificial intelligence and developments in the IoT ecosystem, including its take on the smart home hub.
In an extension of its initiative for do-it-yourself home improvement shoppers, Wayfair is expanding the assortment of plumbing products it carries and providing expert advice.
Third quarter net sales at Helen of Troy were flat as growth in its housewares segment offset declines in the company’s other key product categories.
Due to recently exposed vulnerabilities of Internet of Things (IoT) devices, the Federal Trade Commission is launching the IoT Home Inspector Challenge, challenging the public to create a tool that will address security vulnerabilities caused by out-of-date software in IoT devices.
ThreeSixtyGroup, parent company of FAO Schwarz, has acquired The Sharper Image brand and intellectual property assets from Iconix Brand Group.
Ecovacs Robotics will advance its smart home product line with the launch of Unibot, a multifunctional home management robot. The robot will be showcased at CES 2017, held in Las Vegas January 5 through 8.
Helen of Troy has appointed Thurman Case to its board of directors, effective January 1, 2017.