this post was submitted on 18 Jan 2024
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TIL General Electric Appliances, Hoover, Fisher & Paykel, Aqua, Hotpoint, Leader, and Candy are all owned by the same company.
Sad, isn’t it? For fun, look up Whirlpool, Albertsons, and Kroger on Wikipedia to see all the brands they own. No wonder prices are high when so much competition has been eliminated.
For the Europeans, look up AEG, Bauknecht, Electrolux, Liebherr...sad story as well. And one hell of a case for rampant capitalism running amok...
BuT ThE FrEe mArKeT!!
There's a difference between rampant capitalism running amok and the free market...free always needs rules, or it would be anarchy...
Muh freedom
Quick nofe: Albertsons and Kroger want to be one company. Soon.
Noted, thanks