Sharp reportedly considering exiting European market for home appliances, in talks over licensing Taiwanese and Turkish firms to make and sell its products there

TOKYO , July 5, 2014 () – Japanese electronics maker Sharp Corp is considering exiting the European market for home appliances, and is in talks over licensing Taiwanese and Turkish firms to make and sell its products there, a source with knowledge of the matter said.

In response to earlier media reports on the plan, Sharp said in a statement that it is considering various options to restructure its European business but that nothing had been decided.

(Reporting by Reiji Murai; Editing by Stephen Coates)

Copyright (2014) Thomson Reuters. Click for restrictions

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.