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 well said and good riposte to JasonBourne's ultimatum Ultimately value is in the eye of the beholder. I have no problem with people buying high end stuff. I know people with systems that cost more than 10x their car. Priorities and income can be vastly different... some people aren't 1%ers but they just put their income into audio. People spend a million dollars on a car. I'd rather have the sound system... |
