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Fisher & Paykel Appliances Holdings Limited (/ ˈ p aɪ k əl /) is a major appliance manufacturer founded in 1934. [3] It is a subsidiary of Chinese multinational home appliances company Haier [ 3 ] and is based in East Tāmaki , New Zealand.
The company was founded by war veteran St John Hill and his business partner John Stewart in Auckland CBD in 1951. [1] Hill was operating a secondhand appliance shop on Wyndham Street, when the pair gained a sought-after franchise to sell Fisher and Paykel appliances and opened their first shop on Queen Street.
Name Retail format Main products Number of stores Number of Auckland stores Parent company Founded Head office 2degrees: Electronics store [1]: Mobile phones [1]: 56 [1]: 20 [1] ...
The company went on to produce New Zealand's first electric stove in 1925 but struggled to modernise its operations. In 1955, Auckland company Fisher and Paykel Ltd acquired H. E. Shacklock Ltd., but the brand continued to dominate the New Zealand domestic appliance market through the era of government protectionism. Fisher and Paykel gradually ...
In 2012, Haier Group acquired the appliance business from New Zealand-based Fisher & Paykel, [19] and Sanyo's Southeast Asian appliance manufacturing unit. [20] In June 2016, Haier Group acquired GE Appliances, headquartered in Louisville, Kentucky, from General Electric for $5.6 billion. [21] [22] [23]
James Pascoe Ltd and Fisher & Paykel Finance bought Farmers on 6 November 2003 from Foodlands Associates for NZ$311 million. [23] The business was split into the retail and finance arms with James Pascoe holding the retail arm and Fisher & Paykel Finance the finance arm which includes the Farmers Finance Card. [citation needed]
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