Category: Whirlpool

Whirlpool has been one of the champions of the current administration’s tariff policy, seeing it as a benefit given Whirlpool’s substantial US manufacturing footprint. But, it’s lost out in stock value due to them.

Last month, Fitch, the ratings agency, cut Whirlpool’s rating to effectively junk due to high debts and a slow recovery in demand for appliances and further said that the outlook for the company was negative, as well as further downgrades may come if performance doesn’t improve. 

Last month there was a snippet of news about layoffs at Whirlpool in the US and this was reportedly just some administrative jobs and not a lot so no big deal.

The UK CMA has given the nod for the Whirlpool Arcelik deal to proceed, which largely comes as a surprise to no-one given the current landscape in the industry.

In case you didn’t hear about it, the whole Whirlpool/Arcelik (Beko) deal is under review by the anti-trust regulators, Competition & Market Authority (CMA), and the CMA has decided to move to phase two of the process for the merger of the European operations of Arçelik and Whirlpool.

As we reported a while back but at the time it was rumours, Whirlpool have indeed bowed out of the EMEA market, the entirety of Europe and the Middle East appearing to in effect selling the business to Arcelik.

Just a few weeks ago we heard about Whirlpool exiting Russia; not really a huge surprise given what’s going on just now but this, this is a shocker. Rumours abound that they are to leave the EU! Completely!

Whirlpool has decided that they are to leave the Russian market and is selling its assets there to Arcelik (Beko etc in the UK) with sources citing the war in Ukraine as the reason.

Oh no not again we hear everyone cry but yes, it’s happening all over again with about half a million washing machines being recalled for a fire risk.

News today that Whirlpool is being forced to recall the problematic tumble dryers that were sold by Indesit before Whirlpool bought the business.