> "they've sold off most of that and moved into health tech"
They've kept health tech and "personal care products", which includes the Phillips shavers and toothbrushes. Phillips is a global market leader in those products and sells just about as many shavers as Braun does.
Nah bruh. Philips and Electrolux are mostly just name brands today that license their badges to be placed on goods from OEM Chinese or Turkish appliance makers.
Electrolux doesn't license out their brand names to anyone, AFAIK. They do operate manufacturing facilities in 16 countries, and 2 of their 3 largest factories are in Europe: Vallenoncello, Italy and Ljungby, Sweden (the third is in Rayong, Thailand - not China!)
With Phillips its more complicated because they've spun off many of their divisions into separate companies, such as the lighting division into Signify NV. So Signify now makes the Phillips Hue lighting products under license. But it's not like they're licensing the brand out to random companies - they're companies that were previously part of Phillips itself.
They've kept health tech and "personal care products", which includes the Phillips shavers and toothbrushes. Phillips is a global market leader in those products and sells just about as many shavers as Braun does.