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Famous Western brands that are now Chinese-owned

China's corporate spending spree
Harvey Nichols: bought for $101.9 million (£53.6m)
Dirt Devil, as part of Royal Appliances Manufacturing Company: bought for $105.5 million (£74.2m)
Hoover USA: bought for $107 million (£54.5m)
MG Rover: bought for $96.1 million (£50m)
Rio Tinto: bought for $12.8 billion (£6.5bn)
Kent & Curwen: bought for $41.45 million (£32.7m)
OZ Minerals: bought for $1.4 billion (£989m)
Volvo: bought for $1.8 billion (£1.3bn)
Club Med: bought for more than $1.1 billion (£803m)
Cerruti: bought for $62.18 million (£49m)
Miss Sixty: bought for an undisclosed amount
AMC Theaters: bought for $2.6 billion (£1.9bn)
Sunseeker: bought for $451 million (£300m)
Addax Petroleum: bought for $8 billion (£5.8bn)
London Taxis International: bought for $15.6 million (£11.4m)
Smithfield Foods: bought for $4.7 billion (£3.4bn)
The Dreyfuss Group: $46.4 million (£33.8m)
Motorola: bought for $2.91 billion (£2.1bn)
Waldorf Astoria New York hotel: bought for $1.95 billion (£1.2bn)
Inter Milan: bought for $294 million (£215m)
Tommee Tippee: bought for $419.2 million (£300m)
SMPC: bought for $1.4 billion (£1bn)
Legendary Entertainment: bought for $3.5 billion (£2.5bn)
GE Appliances: bought for $5.4 billion (£3.9bn)
4 of 25
Stephen Barnes/Technology/Alamy Stock Photo

Hoover USA: bought for $107 million (£54.5m)

Dirt Devil isn't the only vacuum brand that's been sucked up by Techtronic Industries. The Whirlpool Corporation sold the US division of Hoover to Techtronic Industries in 2007 for $107 million (£54.5m) in cash. The international arm of the Hoover brand was originally owned by Italian appliance maker Candy, but that was taken over by Chinese consumer electronics firm Haier in 2019. That means the entire Hoover brand is now under Chinese control.

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lovemoney staff

29 February 2024

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