Luxman America has appointed well known industry executive John Pravel as its Vice President of Sales. Previous to this appointment, Pravel was one of Luxman’s sales representatives in upstate New York.
Luxman Appoints John Pravel VP of Sales
Management
Nortek Figures Prominently, If Not Always Positively, in Melrose Industries’ 1st Half Fiscal Results
Melrose Industries PLC, a U.K. based investment group that purchased Nortek, Inc. back in 2016, released their fiscal 2019 first half financial results last month (for the period ending June 30, 2019). And while the results showed strong sales growth (thanks to a large acquisition) the company still booked a net loss.
Perhaps more interesting, was that Nortek’s Security & Smart Technology unit figured quite prominently in the document – often for the wrong reasons.
See why Nortek was so prominent…
[Read more…] about Nortek Figures Prominently, If Not Always Positively, in Melrose Industries’ 1st Half Fiscal ResultsWith Loss of Two Potential Buyers, Onkyo’s Future is a Question Mark
As you most likely know by now, Onkyo Corp. and Sound United have called off their transaction which would have transferred ownership of the 73-year old Onkyo brand, as well as the Integra, Pioneer, and Pioneer Elite brands to Sound United. The shocking news capped off a nearly five month process where many in the industry tried to figure out just how this deal made sense.
This was the second loss of a potential buyer for Onkyo, which admits it is re-evaluating its future based on the failure to sell off its brands.
See why Onkyo’s future is a question mark…
[Read more…] about With Loss of Two Potential Buyers, Onkyo’s Future is a Question MarkCEDIA 2019: In Turbulent Economy Sony’s Frank Sterns Tells His Team Just ‘Work the Plan’
Much like any trade show, CEDIA Expo 2019 was full of optimism and good cheer. But with just a few questions to top executives of major exhibitors it is fairly easy to pierce that veil of good cheer to reveal underlying concerns of approaching economic storm clouds. I chatted with Frank Sterns, Sony’s Vice President of AV Specialty/Custom Integration, about the turbulent waters our industry is sailing through and how Sony is faring in the face of these increasing headwinds.
See the course Sony has charted in these turbulent times…
[Read more…] about CEDIA 2019: In Turbulent Economy Sony’s Frank Sterns Tells His Team Just ‘Work the Plan’CEDIA 2019: Lenbrook Launches Array of New Models from Multiple Specialty Brands
At the the CEDIA Expo earlier this month, Lenbrook had a substantial launch of multiple new models from their collection of brands. Firmly positioned in the mid- to high-end technology market, the new products from Bluesound, Dali, NAD, and PSB continued to forge a path into the new digital audiophile market with high-quality streaming models and high-end in-wall and on-wall speaker and subwoofer solutions.
And in the case of one model, it was an award-winning presentation…
See more on Lenbrook’s new products…
[Read more…] about CEDIA 2019: Lenbrook Launches Array of New Models from Multiple Specialty BrandsCEDIA 2019: Onkyo USA Says It Will Become a Retailer of Sonos, a Distributor Too
Onkyo USA announced this week that it will become a retailer of Sonos wireless music systems – selling the company’s wireless music systems on Onkyo USA’s website. The company also says it will distribute the brand nationally as well.
See more on Onkyo’s partnership with Sonos…
[Read more…] about CEDIA 2019: Onkyo USA Says It Will Become a Retailer of Sonos, a Distributor TooCEDIA 2019 – SnapAV to Distribute Sonos Wireless Music Systems Nationally
SnapAV announced today that it will begin distributing Sonos wireless music systems beginning next month in October. The company says it will offer the entire line – including the Sonos Port, Sonos Move, and Sonos One SL – as part of its extensive assortment of gear targeted to the professional custom integrator.
See more on this announcement from SnapAV & Sonos…
[Read more…] about CEDIA 2019 – SnapAV to Distribute Sonos Wireless Music Systems NationallyCEDIA 2019: Savant Broadens Access to More of Their Line Through AVAD and WAVE
Savant announced this week that it has broadened access to more of its models through its existing partnership with the AVAD & WAVE distribution centers across the country. This expansion is for all of the existing 25 distribution centers that AVAD/WAVE have throughout the U.S. and Canada.
See more on Savant’s expanded deal with AVAD/WAVE…
[Read more…] about CEDIA 2019: Savant Broadens Access to More of Their Line Through AVAD and WAVERocky Mountain Rep Firm Momentum Group Acquires Resi Biz of Texas-Based Dobbs Stanford
BREAKING NEWS
Consolidation continues in the custom integration world – in this case, Denver-based manufacturer representative firm Momentum Group has acquired the residential division of Texas’ own renowned Dobbs Stanford rep firm based in Dallas. Consolidation has NOT been a big story on the sales representative side…up until now.
See more on Momentum Group’s acquisition Dobbs Stanford…
[Read more…] about Rocky Mountain Rep Firm Momentum Group Acquires Resi Biz of Texas-Based Dobbs StanfordSonance to Acquire James Loudspeaker
Sonance announced today that they have entered into an agreement to acquire Minden, NV-based James Loudspeaker. This is the first major acquisition by Sonance since the purchase of Sound Advance in 2005, and is truly a marriage of two companies with a strong resonance in their approach to the custom integration industry.
