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 dynacohum

Past innovators like Peter Walker, Henry Kloss, Nelson Pass, and Jim Winey made products that while some were “upscale” they were within the reach of enthusiasts who were not super- wealthy. The idea that innovative speaker design has to be crazy expensive is a byproduct of the ethos exemplified by Gordon Gecko. MBL has never tried to make an affordable version of the Radialstrahler. 

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