To round off the week, I would like to present you with some pretty tough news. It’s a press release from Signify, the manufacturer of Philips Hue, which you can read here. In a nutshell, it’s about restructuring and planned savings of 200 million euros per year. The good news from our point of view is that the four business areas that Signify wants to focus on in future also include the consumer business area with the Philips Hue and WiZ brands.

The Hue manufacturer Signify restructures itself Savings of 200 million euros planned
Savings of 200 million euros planned