Moody’s Hits Gibson Brands with Another Credit Downgrade Moody’s Investors Service, one of the largest credit rating services in the world, has downgraded the credit rating for Gibson Brands, the Nashville-based parent of Gibson Guitar, Onkyo, Teac, KRK, Philips, Stanton … Continue reading
BREAKING NEWS In a filing with Japan’s JASDAQ stock exchange, Onkyo revealed this week that at the end of June, major investor Gibson Brands became the largest shareholder for the first time since its relationship with the Osaka-based manufacturer of … Continue reading
This week we learned that Onkyo and Integra products would now be sold through AVAD, a distributor of custom integration products in the U.S. that is in the middle of changing its business model. Interestingly, this announcement came from AVAD, … Continue reading
“Yeah, Ken Furst…he can be a bit of an acquired taste,” a mutual acquaintance once said rather euphemistically as he described Ken Furst to me several years ago. I had just met Ken as a competitor, in a verbal exchange rich … Continue reading
BREAKING NEWS Four Major Brands to be Consolidated into Two Divisions In a national conference call with sales reps yesterday, Onkyo announced a major restructuring of their sales organization. This overhaul involves consolidating their four major brands – Onkyo, Integra, … Continue reading
Gibson Brands announced Tuesday that it has hired Lee Cheng as its new Chief Operating Officer (COO) and executive vice president. This appointment takes effect immediately and follows a recent additional credit downgrade by the Moody’s Investor Service. See more … Continue reading
Just two weeks after we told you about Moody’s Investors Service downgrading Gibson Brands credit to junk status, the company has put two of their properties up for sale in an apparent effort to raise some much-needed cash. According to … Continue reading
Gibson Brands CEO Responds to Moody’s Downgrade The music industry is positively buzzing about the announcement late last week by Moody’s Investors Service that, for the second time in three months, it has downgraded the credit rating of Nashville, Tennessee-based … Continue reading
A truly unique industry personality – and unabashed technology enthusiast – Len Schneider passed away Monday, after a brief illness. Most recently known as the President of TechniCom Corp., an industry marketing company offering product development capabilities and technical writing … Continue reading
New York City in June sees temperatures rise in response to the onset of summer and also, hopefully, in response to the launch of the hottest new technologies being shown at CE Week at the Metropolitan Pavilion and Altman Building … Continue reading