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Frans van Houten

Oops! I Did It Again – Gibson Brands Buys Accessory-Maker WOOX from Philips

April 30, 2014 by Ted Leave a Comment

WOOX logoOops, they did it again (to quote pop icon Brittney Spears) – Gibson Brands has acquired WOOX Innovations, a Singapore-based brand of accessory products, from owner Royal Philips, N.V., according to an announcement from Philips earlier this week. Another in a line of acquisitions in the consumer electronics space by Gibson, WOOX brings in a complementary line of products and international distribution into its portfolio. This is the second attempt to sell the division by Philips, who had a deal with Funai fall through late last year, resulting in legal action.

See more on this deal, including what it means for both companies… [Read more…] about Oops! I Did It Again – Gibson Brands Buys Accessory-Maker WOOX from Philips

Filed Under: Brands, News, Pivot Point, Strategy Tagged With: Frans van Houten, Gibson Brands, Gibson Guitar, Henry Juszkiewicz, Philips, WOOX

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A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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