Moody’s Hits Gibson Brands with Another Credit Downgrade Moody’s Investors Service, one of the largest credit rating services in the world, has downgraded the credit rating for Gibson Brands, the Nashville-based parent of Gibson Guitar, Onkyo, Teac, KRK, Philips, Stanton … Continue reading
What a weird time it is for CEDIA members. We are about to head to San Diego in a couple of weeks for the last-ever CEDIA show produced by CEDIA, after which we are losing the greatest revenue-generator for the … Continue reading
New CEO Outlines a New Future for the 40-Year Old Brand You practically need a scorecard to keep track of the revolving group of Chief Executive Officers (CEOs) that have come and gone from Nashville-based Thiel Audio. The specialty speaker … Continue reading
BREAKING NEWS Just over a year ago, we told you about the Federal government bringing charges against popular retailer B&H Foto & Electronics Corp., better known as B&H Photo Video, alleging discrimination, bias, and harassment of workers at its Brooklyn … Continue reading
Lenbrook International announced this week a major transition in their management team in what it said was a carefully thought-out “succession plan.” Lenbrook, parent company to the Bluesound, NAD, and PSB brands, will restructure their senior management team in the … Continue reading
BREAKING NEWS Specialty design and engineering firm Transformative Engineering has appointed Jeannette Howe to the newly created role of Vice President of Sales. The company notes that Howe’s background, including stints at “National Buying Groups, Trade Associations, and major retailers,” … Continue reading
One Out of Every Three Employees to Lose Job GTO Access Systems LLC, a division of Linear LLC, itself part of Nortek, Inc. is planning to lay off fully 33% of its workforce, according to a report in the Tallahassee … Continue reading
Amazon Tests In-Home Installations Recode is reporting that Amazon is testing an installation service for smart home products in several key test markets – in direct competition with Best Buy’s Geek Squad. While these two giants battle over the rights … Continue reading
Fact? or Fiction? Less than a week after we reported that B&W Group President Doug Henderson had been summarily dismissed from the company he has been a key executive at for more than a decade, the rumor mill has fired … Continue reading
In an extended meeting with Russound CEO Charlie Porritt and Vice President of Product Development Colin Clark, Strata-gee had the opportunity to learn details of the relatively dramatic developments at the company – many taking place behind the scenes – … Continue reading