The firm behind the Omega and Robinhood strains of kitchen home equipment says it’s exiting the business in Australia.
Shriro Holdings on Friday stated it had discovered kitchen home equipment to be a “competitive segment of the consumer goods market in Australia with many well-capitalised global manufacturers in this industry,” with market strain leading to it turning into a loss-making a part of its business.
The quick catalyst for the choice was the lack of a significant retailer for the Omega model, which consisted of ovens, cooktops, dishwashers and vary hoods bought at shops together with Bing Lee and the Good Guys.
The product launched in 1981 with the aim of introducing reasonably priced, high quality European home equipment to Australian shores though in recent times the merchandise had been sourced from China.
The Robinhood model – which Shriro acquired in 2013 – included vary hoods, ducting options, laundry tubs, ironing centres, waste disposer sinks and faucets.
Shiro stated it could shut its warehouse on the outskirts of Melbourne and give attention to its international growth of its seasonal business together with BBQ merchandise; its distribution business with Casio and Pioneer; and its New Zealand equipment business the place it dominated the market in laundry tubs.
Source: www.perthnow.com.au
