A running analogy proved hard for Bang & Olufsen Chief Executive Tue Mantoni to resist.
Mantoni, an ultra-marathoner, described the launch of a new sub-brand of slightly more affordable goods from the struggling luxury consumer electronics firm as the first steps in a long race.
"We've run the first couple of miles in a marathon," said Mantoni, who once ran for 30 hours straight in the 102.5-mile Mont Blanc Ultra Trail Run in France. "In some parts of Europe, there is still a very big hill ahead of us. There's hail, and a very … Read more