General info :
Loewe is a brand name used by Loewe Technology GmbH, a German company that develops, designs, manufactures, and sells consumer electronics and electromechanical products and systems. The company was founded in Berlin, in 1923, by brothers Siegmund and David L. Loewe. Since 1948, the company has based its headquarters and production facilities in the Bavarian town of Kronach, Upper Franconia. Television development began at Loewe in 1929. The company worked together with British television pioneer John Logie Baird. In 1931, Manfred von Ardenne presented the world's first fully electronic television to the public on the Loewe stand at the 8th Berlin Radio Show. The New York Times reported on the invention on its front page. Between 1930 and 1935, Loewe registered the most television patents worldwide. In 1962, the family company tradition ended with the death of Siegmund Loewe. Subsidiaries of the Philips group took over the majority of shares. Under this management, which continued until 1985, the company specialised increasingly in the development and production of televisions. In 1985, a management buyout (MBO) made Loewe independent again after Philips sold its shares. A new automotive electronics division was successfully launched in cooperation with BMW. In 1991, the Japanese group Matsushita (Panasonic) acquired a stake in Loewe and also took over the BMW share in 1993; however, Matsushita sold its shares in 1997. The company subsequently went public. By 2002, Loewe had established a market position as a supplier of high-quality and design-oriented CRT televisions. However, due to the triumph of flat-screen televisions, Loewe's sales of picture tube televisions in the premium segment collapsed in 2003. Following financial hardships, in July 2013 the company filed for bankruptcy protection, but on 1 October 2013, the Loewe Group entered into a self-administration process. In March 2014, major assets from Loewe AG were taken by the Munich-based investor Stargate Capital GmbH. In December 2019, Skytec Group Ltd took 100% ownership of the brand, creating Loewe Technology GmbH and associated subsidiaries.
Relations :
Brand name used by
:
Loewe Technology GmbH
This endpoint is new to the database, please check he (it) is not in with a similar endpoint name association (and use the ENA function if necessary).
Copied Wikipedia parts under license :