Krell Moves to new location

Ware will the money come from to pay employees when they open?

The probate courts are making no effort to preserve "Goodwill", which is a significant component of corporate valuation. Seizing expensive equipment in for repair, holding it for many months, then going radio silent, is not a way to preserve corporate value.

It’s not even clear if there are any employees currently working for Krell. The physical whereabouts of the to-be-repaired equipment is unknown, and there does not appear to be any timetable to return the equipment to its owners. But is it even on-site any more? Has it been sold at an estate sale? Where is it?

Obviously, the post above asks many questions that everyone is wondering about. Unfortunately, it seems, no one is answering them.

I also do not understand why Krell industries said they will communicate something to Stereophile but send nothing to their customers, retailers and vendors. This makes zero sense to me. When will Krell Industries send out an official release with the full details?

The previous communication from Krell Industries has little useful information and raised many more questions. Are there any employees left at Krell? Where is the equipment sent in for repair? When will Krell Industries communicate something to the public? Is Krell Industries out of business or in the process of going out of business? How is the Probate Court involved and when will they be finished?

When will we hear something useful from Krell Industries? My answer to these questions is I have no clue or additional information. A very sad situation!

in other words, Krell Industries has not yet issued a comprehensive public release addressing its current situation to customers, retailers, and vendors. While the company has shared limited updates through its new website and social media, many stakeholders remain frustrated by the lack of direct communication. A press release with full details has not been announced, leaving questions about their operational plans unanswered.  

Krell no longer deserves the benefit of doubt…the audio community should now consider them out of business.  

I agree Krell is nothing more than a zombie company now. Has anyone considered threatening or moving forward with at least a small claims lawsuit to get their equipment back as it sounds like folks are just being strung along by these “new” owners?

The probate court has to consider any claims against the estate so if I had any equipment in Krell’s  possession I would contact the Ct. Probate court and file a claim against the estate for your equipment.