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... |
@yyzsantabarbara While you may be sarcastic, there are folks in the high end industry that think that business plan is a solid one. I know of a high end manufacturer who was told by his Far East dealer/rep to increase prices considerably, because that would impress his clientele and add value to his line. Unfortunately, as soon as he raised prices to the levels that he was requested of, the sales dried up.. |
