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Hotpoint is a brand of domestic appliances.Ownership of the brand is split between American company Whirlpool, which has the rights in Europe, [1] Chinese company Haier, which has the rights in the Americas and Turkish company Arcelik which has rights in Russia and the CIS.
Arçelik acquired Whirlpool’s Turkish manufacturing plants for €78.3M. These plants have an annual production capacity of 1.3 million freezers and 1.4 million washing machines. [22] Arçelik acquired Whirlpool’s operations in Russia and several other Commonwealth of Independent States (CIS) countries on the wake of Russian invasion of ...
When a stock is as unloved as Whirlpool (NYSE: WHR), a mere reiteration of full-year expectations in an earnings report can cause the stock to soar. That happened after the company released its ...
The U.S. appliance manufacturer is the subject of deal speculation. For premium support please call: 800-290-4726 more ways to reach us
Whirlpool Corporation is an American multinational manufacturer and marketer of home appliances headquartered in Benton Charter Township, Michigan, United States. [2] In 2023, the Fortune 500 company had an annual revenue of approximately $19 billion in sales, around 59,000 employees, and more than 55 manufacturing and technology research centers globally.
RT America was a U.S.-based news channel headquartered in Washington, D.C. Owned by TV Novosti and operated by production company T&R Productions, [1] it was a part of the RT network, a global multilingual television news network based in Moscow and funded by the Russian government.
In 2014, Whirlpool Corporation agreed to pay 758 million euros to buy a 60% stake in Indesit and its owner Hotpoint, which was a market leader in Italy, the United Kingdom and Russia, from the Merloni family to further expand outside its U.S. home market. [9] Following the buyout, Indesit was delisted from Borsa Italiana on 3 December of that year.
As of 2017, Kenmore products are produced by manufacturers including Whirlpool, Samsung, LG, Electrolux, Panasonic, Cleva North America, and Winia Electronics. [citation needed] Today, the brand's portfolio is sold across Amazon, Lowe's, [3] Target, and many other online retailers. [4]