Germany's Grundig, one of Europe's best-known consumer electronics makers, has filed for bankruptcy.

The move follows the failure of rescue talks with two potential partners, Taiwan's Sampo and Turkish Beko.

Grundig, founded in 1945 and a key participant in Germany's post-war revival, had been struggling for years.

In 1996, it was spun off by parent company Philips, but failed to get its finances in order.

There is no news yet on the fate of the company's plants - including two in Germany, and one each in Portugal and Austria - or its 3,500 staff.

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