Audio Research filing for bankruptcy?
I just heard Audio Research might be filing for bankruptcy. This is a shock to me. I just called them a few days ago to have my Ref 6 upgraded to a Ref 6SE. I will also be the new owner of the Ref 750s. I was just wondering if they did go bankrupt what would all those millions of owners do about servicing their equipment. Should I be concerned? I’m alittle worried now.
Same diff. The days are numbered for all these companies unless the old timers are made immortal. Companies like B&O and B&W might survive a little longer because they are at least attempting to adapt. |
@jbl-4345 I heard mcintosh bought audio research
Let's hope this is true. Would give Mc an upper hand owning both, new options, when you see posts of Mc vs. ARC dating way way back, c/b great for their fans and consumers. Please sure more if you find out more, if you can. I just read some notes where ARC was looking for someone to invest capital to keep them afloat and out of default with the local MN bank. Deadline was not met, apparently. Hopefully people generally understand its been weird times coming in/out of the pandemic, some parts supply has been limited, trying to get back on their feet. Maybe they could put some lines on hold, while keeping others afloat until there is some path forward. Will keep an eye out, keeping fingers crossed for them. ARC has always been a staple platform for many of many of my audio friends.
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That’s not possible. The matter is before Minnesota Judicial Branch/Hennepin County and any transaction will require court approval. That will be contingent, in part, on creditors not objecting. There have been extensive filings in this matter (all online, you can read them for yourself) and there’s no reference anywhere to any source of financing yet. That’s the problem. Perhaps Mac has an interest in joining up with ARC again. But there’s no way it’s a done deal. |
