EU Hits Pioneer, D&M, Philips & Asus with Fines for Price Fixing

The European Commission, the EU’s antitrust regulatory unit, after a 17-month investigation of online price fixing and other illegal anti-competitive practices has levied a fine of €111.2 million ($130 million) against four prominent consumer electronics brands, including Pioneer Corp., D&M Holdings … Continue reading

Gibson Investment Gone, Onkyo Sells Off European Operations

In Restructuring, Company Scales Back to ‘Core Competencies’ All the way back in 2012, Onkyo Corp. and Gibson Guitar Corp. came together to partner in what both hoped would become an entity where the whole was greater than the sum … Continue reading

Gibson, After Light Pruning, Plans Global Layoffs

Hundreds of Employees Facing Pink Slips Gibson Brands, a major provider of musical instrument and consumer electronics products, is in the midst of a widely reported liquidity crisis. With more than $500 million dollars in notes coming due late this … Continue reading

Gibson Sells One Division & Cuts Staff in Another

The news and events surrounding troubled guitar and consumer electronics company Gibson Brands, Inc. seem to be moving at a rapid pace with almost daily revelations as the company struggles to survive ahead of a massive debt due-date just a … Continue reading

CEO Says Gibson Will Dump Brands

Financials Show Sales & Profits Continue to Slide Gibson Brands CEO Henry Juszkiewicz continues to profess confidence that the company will be able to successfully refinance their over $500 million debt before a mid-year maturation comes due. Telling the Nashville … Continue reading

Gibson Stuns the Music World, Shuts Down Cakewalk

Acquired in 2013, Cakewalk was Killed for Philips, Gibson Says In what many in the industry are suggesting is yet another indicator of struggles at Gibson Brands, the company announced a little over a week ago that it would wind … Continue reading

Gibson Brands Continues to Show Signs of Strain

Downsizing Factory & Dilution of Onkyo Ownership Recent developments have thrust Gibson Brands back into the spotlight once again – a spot that CEO Henry Juszkiewicz doesn’t particularly enjoy, unless he’s there on his own terms. But this time, two … Continue reading

Gibson Brands Takes Control of Onkyo Corp.

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

Onkyo Internally Announces Major Sales Structure Reorganization

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

Dirac Cuts Interesting Deal with Pioneer

Dirac Research, a provider of high-quality room and loudspeaker optimization technologies, announced today that it has reached an agreement with Pioneer Corporation to distribute their digital technologies in the OEM market in Japan. The deal, their first with a relatively … Continue reading