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2026 Who Brands. All information is provided for educational purposes. Brand names and logos are trademarks of their respective owners.

  1. Home
  2. Brands
  3. Furniture & Appliances
  4. Hotpoint
Furniture & Appliances

Who Owns Hotpoint?

Hotpoint is a home appliance brand split between two owners. In Europe, Hotpoint is owned by Beko Europe, a joint venture between Arcelik (75%) and Whirlpool Corporation (25%) formed in April 2024. In the Americas, the brand is used by GE Appliances, a subsidiary of Haier. Arcelik is publicly traded on Borsa Istanbul under ticker ARCLK.

Parent Company

Arçelik

Founded

1911

Status

Publicly Traded

Headquarters

Peterborough, England, United Kingdom

budgetmass marketEuropeOfficial Website

Who Owns Hotpoint?

  • Parent Company: Arçelik
  • Ownership Type: Subsidiary
  • Company Type: Publicly Traded
  • Stock Ticker: Istanbul Stock Exchange: ARCELIK
BrandParent CompanyOwnership Type
HotpointArçelikSubsidiary

History of Hotpoint

  • Founded: 1911
  • Founders: Earl Richardson

Hotpoint was founded in 1911 by Earl Richardson in Ontario, California. Richardson invented an electric iron with the heating element concentrated at the front, which he called the "hot point." This design solved a common problem: earlier electric irons heated unevenly, with the coolest part at the tip where users needed it most. Richardson's innovation gave the brand its name.

The brand expanded rapidly through the 1910s and 1920s. Hotpoint introduced electric stoves, and the company established a presence in the United Kingdom in the 1920s. The UK operation grew independently from the American business, establishing manufacturing in Wales and building a reputation for reliable washing machines and cookers.

In 1989, the European Hotpoint business became part of General Domestic Appliances (GDA), a joint venture between General Electric Company (GEC) of the UK and General Electric (GE) of the United States. This partnership gave Hotpoint access to broader distribution and technology resources across both European and American markets.

Indesit Company acquired full ownership of the European Hotpoint brand in December 2008, purchasing the remaining shares from General Electric for approximately $57 million. Indesit rolled out the Hotpoint brand name across Europe, replacing the Ariston and Hotpoint-Ariston co-branded names that had been used in various markets.

Whirlpool Corporation acquired a majority stake in Indesit Company in 2014, bringing Hotpoint and Indesit into its portfolio. Whirlpool's ownership was turbulent. In 2015, a major safety alert affected certain Hotpoint tumble dryer models produced between 2004 and 2015 due to a fire risk from lint accumulation around heating elements. Whirlpool began safety modifications in 2016 and issued a full recall in July 2019, affecting up to 800,000 machines.

In January 2023, Arcelik and Whirlpool agreed to combine their European appliance businesses. The joint venture, Beko Europe, was completed in April 2024 after receiving approval from EU and UK antitrust regulators. Arcelik holds 75% and Whirlpool retains 25%. This marked the most significant ownership change for the European Hotpoint brand in over two decades.

In the Americas, GE sold its appliance division, including the Hotpoint brand, to Haier in 2016 after a planned sale to Electrolux was blocked by US regulators. GE Appliances continues to use the Hotpoint brand for budget-priced appliances in the US market.

About Arçelik

What does Arçelik own?
Arçelik owns a portfolio of home appliance brands and manufacturing operations including Beko (global brand), Arçelik (premium brand), Grundig (German heritage brand), Dawlance (premium brand), Altus (value-oriented brand), and Blomberg (specialized brand). The company operates as an integrated appliance manufacturer serving home appliance production, consumer electronics, smart home technology, and industrial components worldwide through its extensive manufacturing network and brand portfolio.

Is Arçelik publicly traded?
Yes, Arçelik is publicly traded on the Istanbul Stock Exchange under the ticker symbol ARCELIK. The company has been publicly traded since its listing, allowing investors to own shares in the company.

Who founded Arçelik?
Arçelik was founded in 1955 by Vehbi Koç as part of the Koç Group, with operations beginning in 1957. The company was established to meet Turkey's growing demand for modern home appliances and has grown to become one of Turkey's largest manufacturing companies.

Where is Arçelik headquartered?
Arçelik is headquartered in Istanbul, Turkey, with major manufacturing operations across Turkey, Romania, Russia, China, South Africa, and Thailand.

How many brands does Arçelik own?
Arçelik owns 6 major brands: Beko (global brand), Arçelik (premium brand), Grundig (German heritage brand), Dawlance (premium brand), Altus (value-oriented brand), and Blomberg (specialized brand). The company also operates various product lines and manufacturing facilities.

Who owns Arçelik?
Arçelik is publicly owned with no controlling shareholder. Ownership is distributed among institutional investors, mutual funds, pension funds, and individual shareholders worldwide through Istanbul Stock Exchange trading. The company operates independently with oversight from its board of directors while maintaining strategic alignment with the Koç Group.

What is Arçelik's revenue?
Arçelik reported approximately TRY 280 billion in total revenue for fiscal year 2024, demonstrating strong performance in its core appliance business. The company generates revenue through home appliance sales, consumer electronics, smart home technology, components, and after-sales services.

What controversies has Arçelik faced?
Arçelik has faced major controversies including Turkish economic crisis impacts (6.4-billion lira loss in first nine months of 2024), geopolitical tensions affecting international trade and supply chains, regulatory compliance complexity in Turkish business environment, labor relations challenges in Turkish manufacturing sector, and competition pressures from global appliance manufacturers with advanced technology and lower cost structures.

  • Founded: 1957
  • Headquarters: Istanbul, Turkey
  • Company Type: Publicly Traded
  • Stock: Istanbul Stock Exchange: ARCELIK
  • Revenue: approximately TRY 280 billion (FY2024)
  • Employees: Approximately 40,000

Visit Arçelik website

View full company profile for Arçelik

Where Is Hotpoint Made / Based?

  • Headquarters: Peterborough, England, United Kingdom
  • Manufacturing / Operations: United Kingdom, Italy, Turkey, Poland

Hotpoint Sustainability & Ethics

Hotpoint's sustainability efforts operate under Beko Europe's corporate framework. Arcelik, as the majority owner, has established environmental commitments that apply across the Beko Europe portfolio.

Arcelik has committed to achieving net zero emissions by 2050, with intermediate targets for 2030. The company reports its environmental performance under the EU Corporate Sustainability Reporting Directive (CSRD). Beko Europe's manufacturing facilities participate in energy efficiency programs, waste reduction initiatives, and water conservation measures.

Hotpoint products are designed to meet EU energy efficiency standards, with most models rated A or B on the EU Energy Label. The brand has introduced washing machines with lower water consumption and dishwashers with eco-wash programs. However, Hotpoint does not hold independent sustainability certifications such as B Corp status or specific environmental product certifications beyond mandatory EU compliance.

The brand's products comply with EU Ecodesign Directive requirements, WEEE (Waste Electrical and Electronic Equipment) regulations, and RoHS (Restriction of Hazardous Substances) directives. Beko Europe offers take-back programs for old appliances through retail partnerships in the UK and other European markets.

Hotpoint does not publish brand-specific sustainability reports. Environmental performance data is reported at the Arcelik and Beko Europe corporate level rather than for individual brands.

Hotpoint Recalls & Controversies

The most significant controversy in Hotpoint's history is the tumble dryer safety recall that spanned 2015 to 2019. In 2015, Indesit (then under Whirlpool ownership) issued a safety alert for certain Hotpoint and Indesit tumble dryers produced between April 2004 and October 2015. The issue involved a design flaw that allowed lint to escape the filter and accumulate near heating elements, creating a fire risk.

Whirlpool initially attempted to address the problem through safety modifications rather than a full recall. Engineers were sent to modify affected machines starting in 2016. However, after sustained pressure from consumer groups and government scrutiny, Whirlpool issued a full recall in July 2019, offering to replace or repair up to 800,000 affected machines. The UK government's Office for Product Safety and Standards investigated Whirlpool's handling of the recall, and the company was criticized for the slow pace of its response.

In 2019, Whirlpool was also investigated by the UK Parliament's Business, Energy and Industrial Strategy Committee over its handling of the dryer safety issue. The committee found that Whirlpool had been too slow to warn consumers and that its modification program was inadequate. Whirlpool was subsequently fined by the Competition and Markets Authority for failing to adequately notify consumers of the recall.

The recall affected Hotpoint's brand reputation significantly. Consumer trust surveys conducted by Which? in the years following the recall showed declining confidence in Hotpoint products. The brand has since worked to rebuild trust through improved quality control and customer service under Beko Europe ownership.

Brands Owned by Arçelik

BekoFurniture Appliances

Beko

Owned by Arçelik

Turkish brand of home appliances including refrigerators, washing machines, and cooking appliances, owned by Arçelik.

applianceshome-appliancesrefrigerators
View all brands owned by Arçelik

Hotpoint Ownership: Pros & Cons

Advantages

  • +Backed by Beko Europe's 15,000-employee manufacturing and distribution network
  • +Over a century of UK household brand recognition
  • +Access to Arcelik's R&D and manufacturing technology
  • +Mass-market pricing accessible to most consumers
  • +EU-wide distribution through Beko Europe's retail partnerships

Considerations

  • -Tumble dryer recall (2015-2019) damaged consumer trust in the UK
  • -Budget positioning limits premium feature investment
  • -Complex split ownership between European and American entities
  • -Intense competition from Samsung, LG, and Bosch in the UK market
  • -Brand-specific sustainability reporting is not available

Frequently Asked Questions About Hotpoint

Sources & Further Reading

  • Hotpoint UK Official Website:
  • Arcelik Investor Relations:
  • Whirlpool Corporation Investor Relations:
  • Companies House: Hotpoint UK Appliances Limited:
  • Which? Tumble Dryer Safety Investigation:
  • UK Parliament BEIS Committee: Whirlpool Recall Report:
  • Whitegoods Help: Hotpoint Ownership History:
  • Wikipedia: Hotpoint:
  • Beko Europe Official Website:
  • Competition and Markets Authority: Whirlpool Investigation:

Where to Buy

Disclosure: We may earn commission from purchases
AmazonHotpoint on Amazon

Competitors to Hotpoint

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
Electrolux AppliancesElectrolux Appliances
Electrolux
Sweden
1919
Mass marketGlobalAll Genders
FrigidaireFrigidaire
Electrolux
USA
1916
Mass marketUnited statesAll Genders
Kenmore AppliancesKenmore Appliances
Transformco
USA
1927
Mass marketNorth americaAll Genders
Whirlpool AppliancesWhirlpool Appliances
Whirlpool
USA
1911
Mass marketGlobalAll-ages
BekoBekoSister Brand
Arcelik
Turkey
1957
Mass marketEuropeUnisex
Café AppliancesCafé Appliances
Ge Appliances
USA
2018
PremiumUnited statesAll Genders

Learn More About Competitors

Electrolux AppliancesFurniture Appliances

Electrolux Appliances

Owned by Electrolux

Swedish home appliance brand owned by Electrolux Group, offering refrigerators, washing machines, ovens, and vacuum cleaners in approximately 120 markets worldwide.

applianceshome-appliancesrefrigerators
FrigidaireFurniture Appliances

Frigidaire

Owned by Electrolux

American home appliance brand specializing in refrigerators, freezers, and kitchen appliances, owned by Electrolux Group.

home-appliancesrefrigeratorsfreezers
Kenmore AppliancesFurniture Appliances

Kenmore Appliances

Owned by Unknown Company

American home appliance brand created by Sears in 1927, now owned by Transformco. Manufactured by Whirlpool, LG, and others.

applianceshome-appliancessears-brand
Whirlpool AppliancesFurniture Appliances

Whirlpool Appliances

Owned by Whirlpool Corporation

American brand of home appliances including washers, dryers, refrigerators, and cooking appliances, owned by Whirlpool Corporation.

applianceshome-applianceswashing-machines
BekoFurniture Appliances

Beko

Owned by Arçelik

Turkish brand of home appliances including refrigerators, washing machines, and cooking appliances, owned by Arçelik.

applianceshome-appliancesrefrigerators
Café AppliancesFurniture Appliances

Café Appliances

Owned by Unknown Company

Premium kitchen appliance brand owned by GE Appliances, a Haier company, known for customizable finishes and modern design.

kitchen-appliancespremium-brandsmart-appliances

Competitive Analysis

Market Positioning: Hotpoint competes with 6 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

Independent Alternatives to Hotpoint

Looking for brands with different ownership structures? These similar brands are not owned by Arçelik, giving you alternative choices that support different corporate structures.

Kenmore AppliancesFurniture Appliances

Kenmore Appliances

Owned by Unknown Company

American home appliance brand created by Sears in 1927, now owned by Transformco. Manufactured by Whirlpool, LG, and others.

applianceshome-appliancessears-brand
Independent

Kenmore Appliances is privately owned, unlike Hotpoint which is under a publicly traded parent company.

Café AppliancesFurniture Appliances

Café Appliances

Owned by Unknown Company

Premium kitchen appliance brand owned by GE Appliances, a Haier company, known for customizable finishes and modern design.

kitchen-appliancespremium-brandsmart-appliances
Independent

Café Appliances is privately owned, unlike Hotpoint which is under a publicly traded parent company.

Speed QueenFurniture Appliances

Speed Queen

Owned by Alliance Laundry Systems

American commercial and residential laundry equipment manufacturer specializing in washers and dryers.

laundry-equipmentwashersdryers
Privately Owned

Speed Queen is privately owned, unlike Hotpoint which is under a publicly traded parent company.

FrigidaireFurniture Appliances

Frigidaire

Owned by Electrolux

American home appliance brand specializing in refrigerators, freezers, and kitchen appliances, owned by Electrolux Group.

home-appliancesrefrigeratorsfreezers
Publicly Traded

Frigidaire is owned by Electrolux, offering a different ownership alternative.

Whirlpool AppliancesFurniture Appliances

Whirlpool Appliances

Owned by Whirlpool Corporation

American brand of home appliances including washers, dryers, refrigerators, and cooking appliances, owned by Whirlpool Corporation.

applianceshome-applianceswashing-machines
Publicly Traded

Whirlpool Appliances is owned by Whirlpool Corporation, offering a different ownership alternative.

Electrolux AppliancesFurniture Appliances

Electrolux Appliances

Owned by Electrolux

Swedish home appliance brand owned by Electrolux Group, offering refrigerators, washing machines, ovens, and vacuum cleaners in approximately 120 markets worldwide.

applianceshome-appliancesrefrigerators
Publicly Traded

Electrolux Appliances is owned by Electrolux, offering a different ownership alternative.

Arçelik Stock Information

Jobs at Arçelik

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Last updated: August 1, 2026

On This Page

  • Who Owns It?
  • History
  • Parent Company
  • Location
  • Sustainability
  • Recalls
  • Related Brands
  • Pros & Cons
  • FAQ
  • Sources