It was only in the late 1970s that it began to lose some of its marketshare as it came under increasing pressure from lower priced Japanese products, and in 1980 the company recorded its first losses.
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In 1984, the Dutch Philips group bought out nearly a third share and took over the management.
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Max Grundig (7 May 1908 – 8 December 1989) was the founder of electronics company Grundig AG.
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Grundig built his company up after World War II to become a market leader in home entertainment products and a symbol of West Germany's Wirtschaftswunder.
Max Roach | Max Martin | Mad Max | Max Ernst | Max Bygraves | Max Weber | Max Bruch | Max McLean | Max | Max Factor | Max Beckmann | Max Baucus | Max von Sydow | Max Reger | Max Beerbohm | Max Ophüls | Max Müller | Max Headroom | Max Bill | Peter Max | Max Reinhardt | Max Planck Society | Max Azria | Max Payne | Max Mosley | Max Mirnyi | Max Mallowan | Max Liebermann | Max Eastman | Max Born |
He was best known for his portraits of leading German entrepreneurs such as Max Grundig, Herbert Quandt, and politicians such as Paul von Hindenburg, Adolf Hitler and Hermann Göring.