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B&O Revenue Plummets 32.3% in Last 9 Months
(Source: LuxuryBrandNetwork.com)
Bang & Olufsen, the Copenhagen-based maker of elite audio/video equipment, saw revenue drop 32.3% for the nine months ended 28 February 2009 compared to the prior year. The company swung to an operating loss of DKK387.7 million (US$68.6 million) compared to profit of DKK219.4 million (US$38.8 million) during the same period last year. . . . keep reading
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Bang & Olufsen Retreats, Reorganizes
(Source: LuxuryBrandNetwork.com)
Denmark's Bang & Olufsen announced a dramatic restructuring that involves a new management team, a large layoff, consolidation of back-office operations, expense reductions and an end to its development of mobile phones, mp3s and stand-alone DVD players. . . . keep reading
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