Magazines Archives - 2008 March

LG, GE in agreement to share patents for home appliances
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SOUTH KOREAN conglomerate LG Electronics has entered into a crosslicensing agreement with GE Consumer & Industrial which will allow both companies to use each other’s patents for
refrigerators and cooking appliances without paying licensing fees.

“We believe that this ... arrangement with GE will enhance our ability to deliver winning products and move us further towards ... becoming one of the top global brands in consumer electronics and home appliances,” said LG Electronics Digital Appliance Company president and CEO Young Ha Lee.

“Our long history of working with GE will help us take advantage of this agreement even more quickly,” said Lynn S Pendergrass, president and CEO, GE Consumer & Industrial, Americas,
calling it “part of a win-win strategy” for both parties. “We expect the synergies resulting from the strong relationship between our two companies will contribute substantially to the success of
both GE and LG.”

The collaboration between the two on technologies and product development for cooking appliances dates back to 1999.

The latest agreement will help LG’s push to expand its presence in digital appliances globally. The company currently sells its products in North America through retailers The Home Depot,
Sears and Best Buy.

In 2000, LG partnered Matsushita’s air-conditioning division to build its technology and customer base, followed in 2001 by an alliance with Microsoft and Intel on home-networking.


2008 March Stories:

POP & Signage Solutions - Technology ushers in a new era for signages in Singapore

Armani’s first travel-retail boutique opens in HK

Beijing Olympics boosting ad spend in China

L’Oreal to focus on men in Malaysia

Esprit looks to enter luxury market

Cartier appoints new regional manager

Competition outweighs customer needs in product launches

LG, GE in agreement to share patents for home appliances

Coty’s Rimmel goes to China

US gum-maker banks on Asia

Levi’s to close 36-year-old Manila plant

Deal with causes to cap shrinkage: Expert advises

Bond girl endorses Montblanc watch

New boardwalk to help boost economic growth in Sabah

Coming soon: MBO cineplexes across Malaysia

NRF 2008 – US retailers tackle green issues, grapple with looming recession

‘Go green’ gets big boost at annual convention

The Wal-Mart story: Making ‘Sustainability Sustainable

Store of the future

What do customers want from the shop floor?

Evolving business model: Sell solutions, not products

NRF Design Studio exchange: What makes for iconic identity?

Retail executives set new benchmarks in priorities for the year ahead

Interactivity with shoppers: Big trend

Who’s hot, what’s not on Wall Street’s list

NRF honours industry excellence

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