Philips Consumer Lifestyle [SEP] inception
Philips Consumer Lifestyle
Philips Consumer Lifestyle, (stylized as PHILIPS) is a division of the Dutch multinational electronics company Philips which produces consumer electronics and small appliances. It is the only Philips division headquartered in Amsterdam, the Netherlands. The Americas division is headquartered in Stamford, Connecticut. 
Philips Consumer Lifestyle was formed in 2008 from the merger of Philips Consumer Electronics and Philips Domestic Appliances and Personal Care.
Philips receives royalties from the sale of every CD, DVD and Blu-ray.
History.
While Philips
, of which €8.852 billion were generated by Philips Healthcare, €7.638 billion by Philips Lighting, €5.823 billion by Philips Consumer Lifestyle and €266 million from group activities. At the end of 2011, Philips had a total of 121,888 employees, of whom around 44% were employed in Philips Lighting, 31% in Philips Healthcare and 15% in Philips Consumer Lifestyle.
Philips invested a total of €1.61 billion in research and development in 2011, equivalent to 7.1% of sales. Philips Intellectual Property and Standards