Breaking with tradition, Philips splits off lighting

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A Philips logo is seen at Philips headquarters in Amsterdam

By Anthony Deutsch and Thomas Escritt AMSTERDAM (Reuters) – Philips, the Dutch conglomerate that started life making light bulbs 123 years ago, is splitting off its lighting business in a bold step to expand its higher-margin healthcare and consumer divisions. Putting the lighting business in a separate company is part of a wider strategy that began with Philips’ move out of less profitable consumer electronics and into fast-growing healthcare markets, largely in emerging Asian markets. …

Source: https://in.news.yahoo.com/philips-split-off-lighting-business-form-separate-company-071351076–finance.html

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