European TV maker Loewe collapses.
The television manufacturer Loewe is bankrupt and wants to shut down the weekend at short notice. The traditional Upper Franconian company has run out of money, according to a statement published on Tuesday by the management. And B&O buyers were moving to their products..
Made in Germany "is no longer available - at least not on the television market. With LOEWE, one of the last TV manufacturers producing in Germany ceases operations. The announcement came at short notice and, according to the management, had to be carried out on such short notice for insolvency reasons. It is expected that the business will be closed on July 01, 2019. The approximately 400 employees should be informed about this in a company meeting.