`` The cooker does n't really exist as a product category , so we 're talking about the potential for a whole new product category which will hopefully take China by storm . '' China 's troubled housing market hit sales of the sturdy oven hard , CEO William McGrath told CNN . In 2012 sales dipped 2.5 % , but with cost - cutting the company has managed a 10 % increase in pre - tax sales . With Rangemaster looking to China -- the world 's second - largest economy -- as next growth market .
China 's troubled housing market hit sales of the sturdy oven hard , CEO William McGrath told CNN . In 2012 sales dipped 2.5 % , but with cost - cutting the company has managed a 10 % increase in pre - tax sales . With Rangemaster looking to China -- the world 's second - largest economy -- as next growth market .