I thought Philips Lighting didn’t exist as a company name anymore, but that lighting.philips.com URL seems to indicate otherwise.
Googling taught me it was spun off from Philips and later renamed to Signify, with “Philips” one of the Signify brands (https://www.signify.com/global/brands). That Signify page links to a philips.com URL, so it seems the two companies are intertwined, the brand name was licensed, or whatever.
I don’t think they were too successful. It’s more that former giants in electronics can’t/don’t want to compete in low-margin markets, and focus on higher-margin ones. Philips itself went even further, and spun off commercial lighting, focusing on health, where it thinks it can get even higher margins than in commercial lighting.
Googling taught me it was spun off from Philips and later renamed to Signify, with “Philips” one of the Signify brands (https://www.signify.com/global/brands). That Signify page links to a philips.com URL, so it seems the two companies are intertwined, the brand name was licensed, or whatever.
I don’t think they were too successful. It’s more that former giants in electronics can’t/don’t want to compete in low-margin markets, and focus on higher-margin ones. Philips itself went even further, and spun off commercial lighting, focusing on health, where it thinks it can get even higher margins than in commercial lighting.