Fortunately Audio Research landed on its feet in a much better place. Yes, it has happened to a lot of high end audio companies. They are not enormously profitable, or large companies, so are easily buffeted by economics and management. Like small sailboats... not a lot of momentum and easily flounders in coming about or flattened in a jibe.
Very sorry to hear this. I’ve owned their headphones and IEMs which I thought were pretty good. Hopefully that will remain, but once these companies sell change is inevitable.
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