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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.
In October 2014, Whirlpool paid 56% of the purchased by for UK only marketing whilst Haier bought out 44% for US. [clarify] [7] Whirlpool's had a turbulent ownership of Hotpoint and Indesit as in 2015, Indesit released a statement announcing a safety alert for certain models of tumble dryers produced between 2004 and 2015 due to a design flaw ...
After being cleared by a federal appeals court in January 1986, Whirlpool Corporation was cleared to purchase KitchenAid for $150 million, after initial complaints regarding competition from dishwasher manufacturers White Consolidated Industries and Magic Chef were dismissed. [8] [9] Refrigerators were added to the product line later in 1986. [1]
On September 8, 2014, General Electric agreed to sell the company to Electrolux, a Swedish appliance manufacturer and the second-largest consumer appliance manufacturer after Whirlpool Corporation, for US$3.3 billion in cash. The deal carried a US$175 million termination fee clause if Electrolux was unable to complete the acquisition.
As of 2017, Kenmore products are produced by manufacturers including Whirlpool, Samsung, LG, Electrolux, Panasonic, Cleva North America, and Winia Electronics. Today, the brand's portfolio is sold across Amazon , Lowe's , [ 3 ] Target , and many other online retailers.
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Bauknecht Hausgeräte GmbH, commonly referred as Bauknecht, was one of Germany's leading manufacturers of household appliances, and since 1989 has been a brand of Whirlpool Corporation. The headquarters of the company was in Schorndorf in Baden-Württemberg until 2006 when it relocated to Stuttgart .