Whirlpool to exit Russia costing the Michigan company up to $400M

Whirlpool to exit Russia costing the Michigan company up to $400M

Whirlpool, the home appliance manufacturer headquartered in Benton Harbor, plans to sell its Russian operations.

Whirlpool to exit Russia, take $300-400m hit in Q2

Whirlpool has struck a deal to sell its operations in Russia to Turkish appliances maker Arçelik, the US company said today, a move which will see it join a raft of Western firms exiting the sanctions-hit country.

Whirlpool to exit Russia, take $300 million-$400 million hit in second quarter

The deal, which also includes Whirlpool's sales operations in Kazakhstan and other select countries in Commonwealth of Independent States (CIS), will result in a loss of $300 million to $400 million in the current quarter, the company said in a regulatory filing.