Beko
Beko (; stylized as beko) is a Turkish major appliance and consumer electronics brand of Arçelik A.Ş. controlled by Koç Holding. With a Beko HomeWhiz, 5511. History. Beko Elektronik A.Ş. was founded by Vehbi Koç, the founder of Koç Holding (who also founded Arçelik A.Ş., the parent company of Beko, in 1955), and Leon Bejerano in Istanbul, Turkey, 1954. The company's name is a combination of the first two letters of the founders' surnames. In 2004, Beko Elektronik purchased the German electronics company Grundig and by January 2005, Beko and its rival Turkish electronics and white goods brand Vestel  accounted for more than half of all TV sets manufactured in Europe. In April 2010, the electronics division of Beko renamed itself Grundig Elektronik A.Ş. At the Extraordinary General Shareholders Meeting of Arçelik A.Ş. on 29 June 2009, it was decided to merge Arçelik A.Ş. with the company's subsidiary, Grundig Elektronik A.Ş. (to be administered directly by Arçelik A.Ş. of Koç Holding) by taking over all of Grundig's assets and liabilities as a whole. Beko is a budget brand name in some countries and continues to be in use for a number of Arçelik A.Ş. products such as  television sets, refrigerators, washing machines and dishwashers, in several countries. Beko changed its for a in June 2014. Beko started selling its products in Egypt in 2014, where it is gaining popularity and more market share. In India, Voltas, originally an air-conditioner brand and subsidiary of Tata Group, partnered with Beko to produce home appliances like TVs, dishwashers, washing machines, etc. Incidents. Some Beko products have posed a safety risk to consumers who buy them. In 2016, Mishell Moloney was found dead due to a fault with a Beko drying machine that had caught fire. Beko tried to state  that the fault that led to Moloney's death was a 'tragic and isolated incident.' However, the DCS 85W drying machine which was used by Moloney was already responsible for some twenty fires in the UK. Beko quality control chief, Andrew Mullin, also revealed that the smaller models in the range, had already been recalled due to hundreds of safety incidents. Sponsorships. Beko has been the official sponsor of the Turkish, Italian and Lithuanian premier basketball leagues, as well as the 2014 FIBA Basketball World Cup in Spain. Beko is a partner of the Spanish football club FC Barcelona since  2014 and Turkish football club Beşiktaş JK, Turkmen football club FC HTTU. Furthermore, it had been one of the largest advertisers in the English Premier League since 2008, and an official sponsor of the FA Cup. Beko sponsored Millwall F.C. in the 2005–06 season. In New Zealand, Beko is a premier sponsor of Netball New Zealand. Beko is a premier sponsor of Volley Lube.