German electronics giant on the verge of bankruptcy - Haber7.com

Germany’s well-known television manufacturers Loewe

avoid bankruptcy and are seeking investors to make a new start.

Loewe company officials

Coburg District Court yesterday, confirmed that they apply in order to avoid creditors. Loewe CEO Matthias Harsch, said that the search for new investors in order to save a company, verifying”

to attract investors with the approval of the creditors and the court would like to conclude the new configuration to the next three months,” he said.

Loewe

electronics firm founded in Berlin in 1923, Germany is known for its production of high quality and luxury tv. Loewe TVs price in Germany vary between 1,000 to 5,000 euros.

Loewe company with 800 employees

keep up the tough competition in the sector, competing firms producing in cheap and high quality television company that reviews are left in the lurch. German companies from the Far East is being referred to is intended to produce parts by importing cheap television.

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