Bad news for Loewe

The investment group that wanted to purchase the TV core of Loewe has withrawn their offer... 

http://in.reuters.com/article/2014/02/24/loewe-deal-idINL6N0LT3UC20140224

Some of the Reuters report has a familiar ring to it.....

 

"Consumers in Europe, where Loewe generates 97 percent of its sales, have shied away from paying between 1,000 euros and 5,000 euros ($1,400-$6,900) for flat-screen TV sets, as Samsung and LG Electronics among other rivals presented far cheaper mass-market models."

Graham

When the sharks can't find any blood in the chum, you have defined insolvent...as predicted.  Given the 2 bogus stock run-ups and the celebrity saviors not going forward, my gut tells me there was either an Apple Television venture that didn't play out, or a bunch of crooks manipulated the truth.  

Loewe failed to implement global and emerging market strategies over the years and this is the result.  Sad, because I thought it was the coolest back when it was in the US. 

sad news for Loewe indeed.

it has always surprised me that for a nation of TV viewers we spend so little on them but are happy to spend so much and have a complete throw away culture on mobile phones.

It's scary when price is the driver rather than innovation, but did Loewe play it too safe.

Agreed, really sad that a quality TV manufacturer is about to fail, their products were a step above the Sony's of this world - there is always room for a premium manufacturer.