Lee you have a great business brain and love the brand.
What would you do if you were in charge?
I love the brand, but I'm not sure about the first part !!
Personally I'd go back to the Multibrand concept, immediately. Get B&O sat beside other brands where people can see it. Get the name known again.. Have dedicated stores, of course - but let people experience the stuff in an environment they're comfortable in to start with. There's nothing as enticing as a "special" section reserved for B&O in a multibrand store if it's done well.
Internet sales? B&O simply has to be seen and touched - not seen on your computer. It's not a simple commodity, it's a product manufactured and made using expensive processes and unless it has rave reviews online nobody will take the plunge without seeing and/or hearing it first. However, if there's little chance anyone will ever see one in the flesh, then why (as a journalist) write a review about it? It's a bit chicken and egg really..
B&O takeover by another company? I'm not sure on Danish laws etc, but I can see the Danish government stepping in before B&O is bought out by another company..
Lee