World number two home appliances maker Electrolux (ELUXb.ST) has launched an upmarket kitchen range, gambling on the resilience of luxury spending just as a slowdown in overall market demand spreads from crisis-hit southern European markets to the north.

The launch of the Grand Cuisine, a new product category the company estimates could be worth about 4 billion euros, is part of its plans to boost margins via premium-range goods and give itself a design edge.

Read more: http://www.reuters.com/article/2012/09/17/us-electrolux-idUSBRE88G0MZ20120917