I don’t believe we know enough to say it was financial distress. Maybe it was but PE firms also sell based on valuation.Another example of how high-end audio is a dying hobby. High-end hifi companies are struggling financially and there are many examples of this happening everyday. Most high-end brands are cottage companies and are being acquired by bigger mass market audio brands.
I'm in this for the music first, components are secondary to me but not a afterthought.
We'll see...I don’t believe we know enough to say it was financial distress. Maybe it was but PE firms also sell based on valuation.
In addition to this I’ll add (as a retired PE partner) there are also other issues at play. These can include the age of the fund and/or a tactical desire to return funds to shareholders (especially true when preparing to market a new fund).I don’t believe we know enough to say it was financial distress. Maybe it was but PE firms also sell based on valuation.
My reaction was yawn McIntosh was sold again.I don’t believe we know enough to say it was financial distress. Maybe it was but PE firms also sell based on valuation.
Agreed. Also as an ex-PE guy (ops partner), I'm kind of curious about this.In addition to this I’ll add (as a retired PE partner) there are also other issues at play. These can include the age of the fund and/or a tactical desire to return funds to shareholders (especially true when preparing to market a new fund).
More interesting is the CNBC article. $5,000 is where luxury audio begins.
No highs, no lows, it must be Bose...lol
Another example of how high-end audio is a dying hobby. High-end hifi companies are struggling financially and there are many examples of this happening everyday. Most high-end brands are cottage companies and are being acquired by bigger mass market audio brands.
I'm in this for the music first, components are secondary to me but not a afterthought.
I've yet to find a audio system that can accurately reproduce a pipe organ recital from a cathedral...just saying.Components first , then proper music to make them sing .... !
Koln(Cologne) GermanyBe more specific , which cathedral ..?