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D&M Fires Back – Asks Judge to Throw Out Sonos Lawsuit

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BREAKING NEWS

D&M LogoD&M Holdings fired back at Sonos this week, filing papers with the United States District Court asking the judge to dismiss the lawsuit launched against them by Sonos last October alleging patent infringement. Saying that Sonos’ complaints, both the original and a later-amended one, “fail to meet the pleading requirements” established by the U.S. Supreme Court, as well as the U.S. District Court.

Likely not the response that Sonos was hoping for, D&M has bounced the case back to the judge for an immediate ruling.

D&M’s response included some interesting details… [Read more…] about D&M Fires Back – Asks Judge to Throw Out Sonos Lawsuit

D+M Group Issues Response to Sonos Lawsuit

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BREAKING NEWS

Earlier today, we reported that wireless music system powerhouse Sonos had filed a lawsuit against Denon in regards to its HEOS line of wireless music systems. The lawsuit alleged, among other things, infringement on four of their patents and asked the court for an injunction to stop HEOS products from being sold.

Today, we received a statement from D+M Group, the parent of Denon, in response to this lawsuit.

See the D+M Group’s statement on the Sonos lawsuit… [Read more…] about D+M Group Issues Response to Sonos Lawsuit

Sonos Sues to Halt HEOS

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Photo of HEOS product line
HEOS product line

Congratulations Denon, your new HEOS system is so successful that wireless music monster Sonos has taken notice…and filed a lawsuit to stop it. It has been a open secret since we first learned of HEOS this past June that HEOS is meant to attack the same wireless music player market that Sonos essentially invented. Many have tried to take on Sonos…but none have come close to replicating the features and performance Sonos introduced to consumers. Until HEOS…

See more on this development. Will Denon fight? Or license?… [Read more…] about Sonos Sues to Halt HEOS

Bain Capital Fails in Its Bid to Restructure D&M Holdings Buyout Financing

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Bain Capital logoIn February, we told you about a report from Reuters that Bain Capital was seeking to restructure their financing package originally constructed when they purchased  D&M Holdings (now known as the D+M Group) back in 2008. The original package was said to total ¥74.1 billion ($725.2 million), the senior debt portion of which is maturing this month. Reuters suggested at the time that Bain may experience difficulties getting a new deal, despite their financial prowess.

Now we learn that Reuters was right – Bain Capital has failed in its attempt to restructure the D&M Holdings debt.

See more on just what happened when Bain went back to the well on D&M… [Read more…] about Bain Capital Fails in Its Bid to Restructure D&M Holdings Buyout Financing

D+M Group Cuts Licensing Deal for Denon & Marantz Professional Businesses

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D&M Group logoD+M Group (formerly D&M Holdings), continues their program of divesting businesses it determines are “non-core” to the company’s central focus on the consumer-based Denon, Marantz and Boston Acoustics brands. This week, we learned that the company has cut a deal to license the professional products businesses done under both the Denon and the Marantz brand names to inMusic Brands, Inc.. This move closely follows the announcement last month that the company was selling off the Calrec Audio business to Electra Parters.

See more on this new but not particularly surprising development… [Read more…] about D+M Group Cuts Licensing Deal for Denon & Marantz Professional Businesses

Deconstructing D&M Holdings; Company Sells Calrec Audio and Explores Other Options

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Former CEO Pacor Comments on Brand Acquisition Strategy

D+M Group logoWe learned last week that D&M Holdings, also known as the D+M Group, sold off its Calrec Audio brand to Electra Partners, a London-based private equity company. D&M received £14 million ($23.1 million) for Calrec, a designer of premium audio products and live-to-air consoles for the broadcast market. The move is part of a plan to divest itself of all non-core businesses, CEO Jim Caudill has said in press reports.

See more on the company’s aggressive strategy to unload non-core businesses… [Read more…] about Deconstructing D&M Holdings; Company Sells Calrec Audio and Explores Other Options

Bain Capital Seeks to Restructure D&M Holdings Buyout Financing – It Could be Tough

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Bain Capital logoReuters reported this week that Bain Capital, the private equity company that virtually became a household name when CEO Mitt Romney ran for president against Barack Obama, is seeking to refinance the buyout financing it used to acquire D&M Holdings, Inc., also known as the D+M Group. It’s not going to be easy.

See what Bain Capital is up against in their goal of restructuring their D&M buyout debt… [Read more…] about Bain Capital Seeks to Restructure D&M Holdings Buyout Financing – It Could be Tough

After a Short Pause, Another D+M Group Executive Leaves the Company

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BREAKING NEWS

D+M Group logoPetro Shimonishi, once Senior Global Business Team Leader of Headphones & Accessories for D+M Group, announced on Facebook today that she has left the company for a new role with a new company. The announcement clearly surprised many of her friends and colleagues, as was evidenced by their almost universal shocked reaction.

See more on this key executive departure from D&M… [Read more…] about After a Short Pause, Another D+M Group Executive Leaves the Company

Restructuring Causes Yet Another D+M Executive to Become Available

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D&M Group logoAs D+M Group (formerly D&M Holdings) continues to work on improving their efficiencies through restructuring and consolidation, well-known industry executive Stephen Shenefield leaves the company to pursue new opportunities. Shenefield originally joined the company to help with the re-invigoration of their Boston Acoustics brand, but went on to see his involvement expanded into related products under the Denon nameplate as well.

See more on this new development… [Read more…] about Restructuring Causes Yet Another D+M Executive to Become Available

Docking Solutions Open New Markets for Denon & Marantz

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D+M Group's Jim Ludoviconi at Press Event
D+M Group's Jim Ludoviconi Presenting Docking Products

This week at D+M Group’s press presentation, the company focused on two major new product categories that appear to be targeted areas of growth for the company. After a general presentation with overview, the company broke up the rather large group of reporters into two sections: Group A, my group, went directly to a special display of docking products…or complete music systems with an iPod/iPad/iPhone dock. Group B went to headphones (see my report on Denon’s new headphone line here).

[Read more…] about Docking Solutions Open New Markets for Denon & Marantz