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Old 19th Jan 2019, 8:39 am   #19
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Join Date: Sep 2011
Location: Rugeley, Staffordshire, UK.
Posts: 4,417
Default Re: Philips to close last UK Factory.(Glemsford)

Originally Posted by Maarten View Post
I'm afraid their demise is only for a small part due to marketing errors. From the late 1980's onwards, they've been selling off strong moneymakers as well as some branches that would have greatly benefited from the synergy and could have become future money makers but now remained small or had to be terminated. I'm still thinking they only sold off the Lighting branch when they did, because the Medical branch was unsellable at the moment (the CEO had to take over, things went wrong in the US, as they do). Main goal seems still to sell everything, which is not a healthy long term corporate goal but seems a good idea for stock investors and company executives.
Well, selling off viable business sectors is a marketing error.
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