![]() In 1998 according to some data in 1988 Philips decided to sell its part of shares and move away from the management of Grundig. ![]() Since 1984, the company was managed by Philips, as the largest holder of shares of Grundig. In 1984, Philips bought out another part of the shares and began to own 31.6% of Grundig, also among the shareholders were various companies and banks. In 1983, part of the shares 24.5%, was sold to Philips. Until 1980, the company showed stable growth, but at the beginning of 1980, competition in the market increased and the company began to lose its positions. Brand in Germany is represented by Turkish company Beko Grundig Germany GmbH. The company Grundig no longer exists, only the brand has been preserved. ![]() Arçelik A.Ş is part of Turkish Koç Holding A.Ş. Beko belongs to Turkish company Arçelik A.Ş, which is engaged in the production of home appliances and electronics. Now the Grundig brand belongs to the Turkish company Beko. Grundig – the history of the brand began in 1930, but during its existence there were achievements and falls.
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