German manufacturer Loewe has announced that it is confident about announcing an investor shortly, as it moves into the next phase of its restructuring process.
“We have a number of offers from investors. We are highly confident that we are able to announce the joining of an investor at Loewe in the coming weeks. The business will remain fully operational and will continue to fulfil its obligations. This also applies particularly to warranty processing, service and uninterrupted availability of merchandise,” said Loewe AG chief executive Matthias Harsch.
This doesn’t affect Loewe’s ambitious new product rollout, with exciting audio and TV launches scheduled for the fourth quarter of 2013 and into 2014. With the recently agreed strategic technology partnership with state-owned Chinese company Hisense making good progress, a dramatically reduced cost base and a robust new strategy, Loewe looks set for an exciting future.
DTG Staff | 04.10.2013