Bloomberg News reported on Monday that the Best Buy Co. board of directors has received a letter with an offer from company founder and former chairman Richard Schulze to acquire all outstanding shares of the company stock and take it private. Schulze is said to have the support of at least two private equity companies and an investment bank that is confident it can arrange adequate financing. Schulze also says several former Best Buy executives are interested in joining him in the process of reinvigorating the company.
Strategy
Grace Motif’s John Caldwell to Handle U.S. Sales for Indy Audio Labs’ Acurus & Aragon Brands
In an association that is somewhat unique in our industry, Indy Audio Labs, LLC, (IAL) the company that manufacturers the Acurus & Aragon high-end brands, has hired John Caldwell, founder and CEO of Grace Motif to handle sales for the IAL brands. Interestingly, they have awarded Caldwell the title of Vice President of Sales for IAL while he retains his title and functions at Grace Motif. [Read more…] about Grace Motif’s John Caldwell to Handle U.S. Sales for Indy Audio Labs’ Acurus & Aragon Brands
3vNet Puts on a Fresh Face – Launches New Website
3vNet – formerly Colorado vNet – has launched an all-new website putting a fresh face on the newly independent company’s Internet presence. The company, once part of Russound and with which it had an often troubled relationship, was purchased from Russound by its Vice President of Sales and Marketing, Mike Anderson in April of this year. [Read more…] about 3vNet Puts on a Fresh Face – Launches New Website
Velodyne Hires Major Retail Executive to Guide their Direct-to-Consumer Model
Velodyne Acoustics, Inc. announced today that it has hired George Manlove – formerly of Vanns, Inc. – as its Vice President, Global Sales and Marketing. Manlove is a very high-profile executive best known for his 26-year tenure as President and CEO of Vann’s, Inc., a Montana-based traditional bricks-and-mortar and Internet retailer. Manlove also served as chairman of the Progressive Retailers Organization (PRO Group), a national retailer buying group. [Read more…] about Velodyne Hires Major Retail Executive to Guide their Direct-to-Consumer Model
After 62 Years, New Jersey’s M. Rothman & Company Sold to Z. Reiss
>BREAKING NEWS<
In news that is likely yet another indicator of the depths of the struggles of the consumer electronics industry, M. Rothman & Company, Inc. – a large consumer electronics distributor based in Ramsey, New Jersey and a one-time powerhouse supplier of a wide variety of electronics and appliances for the entire New York Metropolitan marketplace, has been sold to Z. Reiss & Associates. While rumors have been circulating about Rothman for some weeks – we have only now been able to confirm the company is in fact been sold to another New York-based distributor. [Read more…] about After 62 Years, New Jersey’s M. Rothman & Company Sold to Z. Reiss
Does the Headphone Market Know No Bounds? MartinLogan Joins the Fun with New Earbuds
MartinLogan, well-known in the high-end audio community as a manufacturer of large, expensive electrostatic line source loudspeakers, announced this week that it is entering the headphone market with a new in-ear headphone called the Mikros 70. According to MartinLogan, these in-ear headphones were designed by their engineering team – presumably as compared to other companies who buy off-the-shelf from China and stamp their logos on them.
If its MartinLogan, you know it must be different…and it is… [Read more…] about Does the Headphone Market Know No Bounds? MartinLogan Joins the Fun with New Earbuds
Eli Harary, Ex-D&M, Launches AudioXperts
Well-known industry personality Eli Harary, formerly with D&M’s Boston Acoustics division (which he left in June 2011), announced today that he is forming a new company called AudioXperts. AudioXperts will offer a “collection of unique designer/consumer-friendly high performance audio solutions.” Harary, the new company’s President, has assembled a team of…presumably…audio experts, to assist him in this endeavor.
Joining Harary at AudioXperts…
If You Want Real Unity – You’ve Got to Get Engage[d]
One of the more interesting stops we made during our rounds at last month’s 2012 CEA Line Show was to see a new company with a brand new product not yet on the market…but coming soon. That company, Engage Audio Design, has announced and shown a simplified total home theater package called Unity Home Theater. If the actual shipping product adheres closely to the prototype shown at the show – they just may have a real winner on their hands!
What’s so great about Unity? You’ve got to read on…
[Read more…] about If You Want Real Unity – You’ve Got to Get Engage[d]
Continuing to Ramp-Up, 3vNet Announces Its Pick for Director of U.S. Sales
Director of U.S. Sales, 3vNet
New industry player, 3vNet – formerly known as Colorado vNet – announced today that it has selected a Director of Sales. According to the company, Matt Curtin is the company’s new Director of U.S. Sales, effective immediately, and will take over directing the sales activities of the company’s independent sales representatives. [Read more…] about Continuing to Ramp-Up, 3vNet Announces Its Pick for Director of U.S. Sales
CEA Line Show Next Gen TV Panel Talks Tech, Specialty Retail, and Apple iTV
At last month’s 2012 CEA Line Show in New York City, tucked amongst the many manufacturer’s press conferences was a variety of panels discussing what the CEA purported to be today’s top issues. One such panel, the Next Gen TV panel, talked about…as you might imagine…emerging TV technologies like OLED, 4K resolution, and Internet-enabled TVs. Many in our business would suggest that this is old news. But things got more interesting when the panel strayed from technology topics and veered into a variety of industry issues, such as TV makers technology roll-out strategies, the politics of 4K, and Apple entering the TV business. [Read more…] about CEA Line Show Next Gen TV Panel Talks Tech, Specialty Retail, and Apple iTV
