Vorwerk (company)

Vorwerk SE & Co. KG
Company typeKommanditgesellschaft
IndustryRetail, electronics
FoundedWuppertal, Germany (1883)
HeadquartersWuppertal
Key people
  • Thomas Stoffmehl (speaker of the executive board)
  • Hauke Paasch (member of the executive board)
  • Thomas Rodemann (member of the executive board)[1]
Products Household appliances, financial services, electronics
Revenue€3.2 billion
(2023 group sales)[2]
Number of employees
9,127
(2023)[3]
Websitevorwerk-group.com

Vorwerk SE & Co. KG, trading as Vorwerk (German pronunciation: [ˈfoːɐ̯ˌvɛʁk]), is an international diversified corporate group headquartered in Wuppertal, Germany. Vorwerk was founded in 1883.[4] The core business is the production and the sale of household products (Thermomix kitchen appliance, Kobold vacuum cleaner) via direct sales.

Akf Bank, founded in 1968, is a subsidiary of the company and is responsible for Vorwerk's lending business.[5]

The company, which is family-owned and operated as a limited partnership, reported having 9,127 employees as of 2023.[3] The company posted a revenue of €3.2 billion in 2023.[2]

  1. ^ "Ideas Space" (PDF). Annual Report: 20. 2023 – via Vorwerk SE & Co. KG.
  2. ^ a b "Ideas Space" (PDF). Annual Report: 22. 2023 – via Vorwerk SE & Co. KG.
  3. ^ a b "Ideas Space" (PDF). Annual Report: 40. 2023 – via Vorwerk SE & Co. KG.
  4. ^ Avins, Jenni. "Thermomix, the magical German do-it-all kitchen appliance, is here to conquer America". Quartz.
  5. ^ Lohmüller, Monika (2012-11-12). "Finanzpartner". Deutsche Welle. Retrieved 2024-07-10.