The company is looking to boost margins by managing its prod...

Moomoo AI Oct 27, 2023 14:26

The company is looking to boost margins by managing its product portfolio better. It's increasing focus on mid and premium categories under top brands and is actively trying to reduce product and SG&A cost. The new structure is aimed at cost efficiencies and adaptability.

Press Release: Electrolux Group Steps-up Cost Reductions and Organizational Simplifications

Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates. Read more

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