Whirlpool sells business in Brazil to strengthen cash reserves

Data de publicação26 Abril 2024
Whirlpool, owner of Brazilian brands Brastemp and Consul, decided to exit the water purifying system business in Brazil to help the global operation generate cash at a time of cost cuts, layoffs, and review of projects worldwide. The information was released on Thursday (25) by Jim Peters, Whirlpool’s executive vice president, responsible for the company’s financial area According to him, the company is taking two major steps seeking a cash generation of $500 million this year. One is the deal involving the Brazilian unit...

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