Tecnica Group and its advisors have stopped looking for companies that may be interested in buying its 60 percent interest in Lowa. They are currently evaluating the opportunity to accept the offer of an unnamed strategic investor. While the sale of Lowa could bring in fresh money, Tecnica would lose the dividends from a profitable counter-seasonal operation. Executives of Tecnica indicate that they are in no hurry to make a decision. It took a long time to negotiate temporary layoffs for 120 employees, but the resulting cost savings are offsetting a big drop in deliveries for the current autumn/winter season.
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