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MBL Insolvent

I apologize if someone else has started a thread I missed, but reports indicate that MBL has initiated insolvency proceedings under German law. Not all businesses succeed- its a feature not a bug in a free enterprise system- but hopefully new investors will come in and save the company. This seems to be following the way of Audio Research (fortunately saved) and others-lots of uncertainty surrounding Dartzeel, Krell, etc, which is unfortunate. So many of these manufacturers are small businesses, obviously without huge capital reserves and sometimes without a good succession plan when the founders move on. I hope MBL successfully restructures, it makes great products. I think we all benefit from a healthy, vibrant group at the top end that has the resources to create and innovate. Good luck MBL.

kerrybh

Showing 1 response by celtic66

celtic66
1,781 posts
 

I’ve no knowledge of MBL’s workings.  However, for decades I’ve followed decline and failure of hundreds of companies.  Usually, much is self-inflicted.

Nissan faced 35B in debt, recruited Carlos Gosn who brought it round to profitability (+2.7B $US)in three years.  He’s gone and Nissan is back underwater having forgotten all lessons.

Having worked plenty with Germans and Austrians, they are quite inflexible to changing environments.  Could be contributory.  Wish them the best.

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