Leica in financial crisis: Digital Photography Review: “German website, Spiegel Online, has reported that Leica is in financial crisis after many banks cut its credit lines following an announcement last week which said it stood to lose half its operating capital.”
p>The sad thing is that if they go under, the name will almost certainly be bought up by a big consumer electronics company that doesn’t know anything much about cameras. They’re doing a bit of stuff with Panasonic at the moment that looks really quite nice, actually, so that might not be so bad, but otherwise it could be unfortunate. With a bit of luck they’ll make it, though. They seem to be doing quite a nice job of moving up to date with digital stuff, but there perhaps isn’t the same top end market that there is (was?) for film cameras.