December/January 2026 ertonline.co.uk


Middleby sells majority share of appliance business


The Middleby Corporation, which owns appliance brands including Viking, AGA Rangemaster, La Cornue, Kamado Joe, Marvel, Novy and U-Line, has announced entry into a        a 51 per cent stake in its Residential Kitchen  transaction valuing Residential Kitchen at $885  


 joint venture holding called the Residential Kitchen  approximately $540 million and holding a $135 million (£101.4m) seller note provided to the joint venture.


       that is expected to be completed in H1 2026, marks a    stake in the standalone Residential Kitchen business.    The transaction has been unanimously approved


   customary closing conditions.


Marks Electrical and Appliances Direct


under investigation by CMA The Competition and Markets Authority (CMA) has launched investigations into eight businesses it suspects may have breached consumer law, including two electricals retailers: Marks Electrical and Appliances Direct. The retailers are under scrutiny over the alleged use of misleading time- limited offers and the practice of automatically opting consumers into optional charges. Both Marks Electrical and Appliances Direct have denied that their pricing practices are misleading,  CMA’s investigations.            covering online pricing strategies, including drip pricing  Competition and Consumers Act 2024 (DMCCA). At this stage, the CMA has reached no conclusions


     these investigations.


       CMA, Marks Electrical posted a statement on its  Speaking to ERT,


                  their concerns. “We are a compliant business 


Sirius Buying Group looks forward to bright future after 


Sirius Buying Group has continued to expand  welcoming a number of independent electrical retailers to the group. The new additions      businesses seeking improved buying terms, exclusive deals and access to additional supplier services.                        specialist supplying televisions, beds and electrical       Hartley Appliance Repairs later joined Sirius,       next Approved Member. Apex provides repair,       domestic appliances, supporting customers  complex installations and upgrades.      


        UK-based home products and services provider. Fusion Furnishing Services also joined the group during this period. More recently, Sirius Buying       Chester Appliance Centre have joined as Approved Members, expanding the group’s presence across the UK and Ireland.


In a separate development, Sirius Buying Group      giving members access to a combined Sirius and 


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