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Jamo

Voxx Jettisons Jamo & Energy Brands as It Tries to Stop the Bleeding

August 30, 2024 by Ted Leave a Comment

Jamo founders in 1968; Jamo is part of Klipsch which is part of Voxx International
Jamo founders Preben Jacobsen and Julius Mortensen in 1968

Will Voxx International Itself Be Sold? It Says It’s Exploring *All* Options

Premium Audio Company (PAC), a division of Voxx International Corporation (Nasdaq: VOXX), announced today that Voxx has sold off both the Jamo and Energy brands as part of its plan to divest multiple brands in an effort to stave off its financial decline and revitalize its profits. The brands were sold to a Chinese manufacturing company and a Chinese distributor. Oddly, this announcement was retroactive, as the transaction was said to have taken place on August 15, 2024. No reason was given for why this announcement of the transaction was withheld until now.

See more on Voxx selling off underperforming brands

[Read more…] about Voxx Jettisons Jamo & Energy Brands as It Tries to Stop the Bleeding

Filed Under: Financial, News, Strategy Tagged With: energy, Jamo, PAC, Premium Audio Company, Voxx International

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Ted Green Bio

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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