NYSE:WHRConsumer Durables
Will a Retail Bankruptcy and Social Innovation Push Whirlpool (WHR) Toward a New Risk‑Reward Narrative?
Whirlpool has recently been drawn into the abrupt shutdown and Chapter 11 bankruptcy of Howard's Appliance in Southern California, where the 79-year-old retailer closed all stores, laid off staff, and moved to liquidate assets while carrying US$17.20 million in liabilities, including unpaid taxes and vendor liens that list Whirlpool as a creditor.
At the same time, Whirlpool Foundation's backing of The Washing Machine Project's Divya manual washer, named one of TIME's Best Inventions of...