Philips says consumer electronics on track to meet 2007 target
In September, Philips laid out plans to simplify its business structure by creating three core sectors: Healthcare, Lighting, and Consumer Lifestyle. The latter was formed by combining the Domestic Appliances and Consumer Electronics units. The new units come into effect as of Jan. 1, 2008, it said at the time. After that date Philips will begin reporting on the new business lines.