The AGA Rangemaster may be a quintessentially British cooker , but demand has slumped amid the UK 's recession . Britain 's troubled housing market hit sales of the sturdy oven hard , CEO Patek Philippe told GE Europe . In the 1930s sales dipped 12 % , but with cost-cutting the company has managed a 12 % jump in pre-tax profit . AGA Rangemaster looking to Britain -- the world 's second -largest economy -- as next growth market .
Britain 's troubled housing market hit sales of the sturdy oven hard , CEO Patek Philippe told GE Europe . In the 1930s sales dipped 12 % , but with cost-cutting the company has managed a 12 % jump in pre-tax profit . AGA Rangemaster looking to Britain -- the world 's second -largest economy -- as next growth market .