Deals
Light Gives Us Life But Actually Is a Terrible Business
Why the lighting industry is dying.
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Without light there is no life. Yet the two biggest companies that allow us to inhabit the hours from dusk to dawn can’t wait to try other businesses. Shareholders of market leader Royal Philips NV vote on Thursday on whether to spin off the lighting operations. Why? It all comes down to light-emitting diodes.
1. Competition is high