Around six months ago Loewe shut down following failure to gain further investment. However not all is lost for the famous German luxury TV maker, as it manages to get a new owner with investment firm Skytec.
"We are thrilled to write a new chapter in the success of Loewe and to expand the brand internationally in premium segments for sophisticated consumer electronics. Loewe is the go-to brand for consumers valuing independent style and iconic, timeless design," Skytec says. "We will further develop this approach with luxury designer labels and premium automotive brands. Synergy with history and future is essential. Loewe has successfully reintroduced traditional materials to their products which meld seamlessly with state-of-the-art technology."