German TV Company Loewe which is 96 years old has called in the administrators, but insiders are tipping that a new look Company could emerge as investors snap up assets and investors take advantage of the strength of the Loewe name and history.
In Australia the brand is distributed by Indi Imports.
According to people that ChannelNews has spoken to Loewe was haemorrhaging cash, not because of poor sales but because of a bloated work force that the Company inherited when the business was acquired by investors in 2014.
In Australia Loewe has doubled sales during the past 12 months via their relationship with Indi Imports sales are also booming across Europe and Russia and in the UK.
ChannelNews has been told by insiders in Europe that the…
Read the full article at: https://www.channelnews.com.au/exclusive-new-look-slimmed-down-loewe-tipped-after-administrators-called-in/