A 4SquareMedia Website

SECTIONS
> Wearable Technology
> Appliances
> Automation
> Automotive
> Buyers Guide
> CEDIA 2010
> Comment
> CES
> Content & Downloads
> Digital Photography
> Gaming
> Green Energy
> HD
> Home Cinema
> Home Office
> How Stuff Works
> Installation
> Portable Players
> Media Centres
> Phones
> Real Sound
> Reviews
> Smart Awards 2013
> Smart Ideas
> Trio Awards 08
> TVs & Large Display
3D TV
Accessories
Industry
Laser TV
LCD
LED
Mounting Solutions
OLED TV
Plasma
Portable TVs
Rear Projection
SED
4k TV
> Wireless & Networking
PRODUCT REVIEW
> Featured Reviews
SERVICES
> Advertising
> Competitions
> Contact
> Disclaimer
> Signup
> Terms & Conditions
SUBSCRIBE
> Subscribe to Newsletter
> Subscribe to Magazine



Top 10 Viewed Articles
  1. Who Has The Best LCD TV: Sony, Toshiba Or Samsung?
  2. FIRST LCD TV REVIEW: LG Scarlet 60 Vs Samsung Series 6
  3. Sony PS4 Not Far Away
  4. The Humble PC Gets A Whopping Makeover
  5. Sony Bravia LCD TVs Vs Samsung LED HD TVs Which is Best?
  6. Toshiba Working With Microsoft On New Entertainment Xbox
  7. Blu-ray Xbox 360 Planned By Microsoft
  8. Massive Failure Rate For Xbox 360 Exposed
  9. Free Sony PS3 Con
  10. How To Build Your Own Digital Media Server: Part I
Top 10 Viewed Reviews
  1. First Review: Samsung Series 7 LED TV
  2. Movies On-The-Go With Teac DVD Boombox
  3. Who Has The Best 32-inch Screen: Panasonic, Samsung, or Sony?
  4. Who Has The Best Home Theatre Kit? Denon vs Bose
  5. Every Bit Of Defence Counts
  6. New Denon Home Theatre Makes Bose Look Like Yesterdays Technology
  7. Best Media Player On The Market
  8. At $1,499 The Aldi Medion 17-inch Notebook Is A Steal
  9. Affordable Noise Cancelling Headphones That Work
  10. B&W 600 Speaker Delivers Real Sound





TVS & LARGE DISPLAY / INDUSTRY

UPDATED: German TV Brand Loewe Files For Insolvency, Hisense A Contender To Invest

By David Richards | Tuesday | 01/10/2013

Weeks after the brand shifted from being distributed by Audio Products Australia to Melbourne based Qualifi German TV Company Loewe has filed for insolvency.

ChannelNews has been told that Chinese Company Hisence is now a contender to take over the troubled German high-end TV maker after earlier striking a panel supply deal with Loewe.

In Australia Loewe has had a chequered history, back in the 1980's they were seen as a high end CRT TV brand then with the advent of flat panel TV's the brand suffered because of a lack of marketing and a shift by consumers to Korean and Japanese brands over European TV offerings.

Loewe fell into difficulties after it failed to keep up with mass-market rivals such as Samsung and LG Electronics, and struggled to cope with a slide in the average price of TV sets.

Ralph Grundl the Marketing and Sales Director at Qualifi said "We are still waiting to hear what is happening. We knew that the Company had problems and we are aware that they are talking to investors. It will be a loss if they are unable to find funding as they have a great product range".

Directors of the German Company filed for protection from creditors' demands in July in an effort to give themselves breathing space while it sought an investor and restructured the company.

The company, founded 90 years ago in Berlin, claims that they have sufficient funds to keep operations running until the end of the year but thereafter "it would be over" without an investor, CEO Matthias Harsch said.

Overnight Harsch said "We have six bids from investors from which we will choose in the next four weeks".

Earlier this year, Loewe posted a 39 percent slump in first half sales of 1.04 billion and a net loss of 26.7 million euros for the period.

In a statement issued to ChannelNews today the Company said 'The core of the change process at Loewe is the move from being a TV manufacturer to an entertainment platform system provider. Besides specialised hardware knowledge, it is becoming increasingly important for Loewe to have greater software expertise to facilitate the management of its multimedia smart home-entertainment systems. Moreover, the company will join forces with partners to start offering special premium content exclusively for Loewe customers, thereby underlining the strong benefits of Loewe systems".

 

Print this article
Email this story to a friend
Link this story:
Link this page to delicious Link this page to Digg Link this page to Furlit Link this page to News Vine Link this page to Reddit Link this page to Spurl Link this page to Yahoo My Web RSS this section





LATEST REVIEWS
New LG 65   New LG 65" Ultra High Definition TV, Complete With Pop Down Speakers: REVIEW
LG Australia has finally rolled out their 65" Ultra High Definition TV offering in Australia and what you get is a TV that delivers a quantum leap in TV technology and surprisingly a significantly improved sound system that is delivered from pop down speakers but the big question is whether it is worth $6,999.
Product Rating 4.5

Westfield To Split   Westfield To Split
Shopping giant to separate ANZ, international operation
Product Rating 0

REVIEW:Note 3 Is The Best There Is In Phablet Smartphones   REVIEW:Note 3 Is The Best There Is In Phablet Smartphones
If you are one of those people who love technology but struggle to manage the hundreds of apps and the endless capabilities that today's smartphones are capable of delivering then the new Samsung Note 3 is not for you.
Product Rating 5




SMARTHOUSE NEWSLETTER
Get the latest news
Subscribe today for your daily news of consumer electronic news...
Get the latest news

ADVERTISE
SmartHouse
reaches over 2 million consumers a year. Contact us today about special deals..

For more information ...

LATEST ISSUE
Smarthouse's
Apr/May 2011 issue

reviews the hot new iPhone attach device, the Zeppelin Air. And we look at what's going on in the tablet space...