German breakthrough for Loewe

06/07/2020

Spanish luxury leathergoods brand Loewe has opened an own-brand boutique in Munich, its first in Germany.

The company now has 125 stores around the world. Loewe has set itself a target of achieving annual turnover of €1 billion within four years, although, in keeping with all luxury brands, it suffered a decline in revenues in the first half of 2020 owing to covid-19.