The sale of Alba's domestic appliances division, which includes the Breville brand, to private equity company Rutland Partners will not affect the business of the Australian subsidiary.
Alba announced it will sell its leisure division--Pulse Home Products--which was established last year and includes small appliances brands sold in the UK including Breville, Bush and Hinari as well as licensed brands – Nicky Clarke, JCB and Dirt Devil.
Alba's local subsidiary, Bush Australia, sells televisions and audio products under the Grundig brand as well as Ministry of Sound audio products, Bush appliances and Joh Bailey hair care products.
"It does not affect us at all," Bush Australia managing director, Daniel Todd said. "It is actually great news as the company is now cash rich and it will allow us to take a few more risks and look into some new product areas." (current.com.au)
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