Groupe SEB

Groupe SEB ("Société d'Emboutissage de Bourgogne") is a large French consortium that produces small appliances, and it's the world's largest manufacturer of cookware. Notable brand names associated with Groupe SEB include All-Clad, IMUSA , Krups, Moulinex, Rowenta, Tefal (including OBH Nordica) and WMF Group. According to the Groupe SEB website, they have faced considerable competition from low-price Chinese competitors, but have managed to maintain a constant sales level. A large proportion of their product lines are now manufactured in China. Its headquarters are in Ecully, a Lyon suburb.
History.
The precursor to the Groupe SEB consortium was originally formed by Antoine Lescure in 1857. In 1977, they released the dedicated first-generation home video game console Telescore 750. Later, they released two revisions, the Telescore 751 and the Telescore 752.
Recent performance.
For the first half of 2008, Groupe SEB reported an increase in profit from 52 million euros in 2007 to 94 million euros. Groupe SEB now has a 61% interest in the Chinese cookware company Supor. For the second half of the year, Groupe SEB did not predict major changes in outlook.
In 2004, Groupe SEB acquired the high-end American cookware company All-Clad. Weakness in the European markets is expected to be balanced out by further growth in North America and Asia.