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You are here: Home / Archives for Pioneer

Pioneer

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

July 27, 2018 by Ted Leave a Comment

Asus logoThe 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 Inc. of Japan, Koninklijke Philips NV of the Netherlands, and AsusTek Computer, Inc. of Taiwan. The companies were alleged to have imposed fixed or minimum online prices for their products.

See more on this strong action by European regulators… [Read more…] about EU Hits Pioneer, D&M, Philips & Asus with Fines for Price Fixing

Filed Under: Crime, Law, News Tagged With: Asus, D&M Holdings, Philips, Pioneer, price fixing

Gibson Investment Gone, Onkyo Sells Off European Operations

July 6, 2018 by Ted 1 Comment

In Restructuring, Company Scales Back to ‘Core Competencies’

onkyologoAll 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 of the parts. Just months after their announcement, Onkyo forged ties to another Japanese audio brand, Teac/Tascam – just as Gibson stepped in to buy a majority share of them…and the combined entity began to grow.

Little did they know that just six short years later, Gibson, the investor in Onkyo, would implode into bankruptcy – forced to extricate itself from its Onkyo aspirations. Onkyo was hit as well, losing its Gibson investment – forcing them to reassess their direction. We now learn that Onkyo has sold off its entire European operations to an accessory distributor known as Aqipa GmbH.

See more on this surprising announcement by Onkyo… [Read more…] about Gibson Investment Gone, Onkyo Sells Off European Operations

Filed Under: Asian Connection, Brands, Distributors, Industry Trends, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: Aqipa, Esoteric, Europe, Gibson, Gibson Brands, Gibson Guitar, Integra, Onkyo, Philips, Pioneer, Tascam, Teac, WOOX, Woox Innovations

Gibson, After Light Pruning, Plans Global Layoffs

March 15, 2018 by Ted 1 Comment

Hundreds of Employees Facing Pink Slips

Gibson CEO Juszkiewicz
Gibson’s CEO Henry Juszkiewicz

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 summer, the company is seeking a knight in shining armor to ride in on a white horse with a big bag of money to refinance the company’s crushing debt.

To make the company appear attractive to a lender or investor, at the end of February the company sold off its shuttered Cakewalk division and laid off about 15 employees from its famous Custom Shop. Now we learn the company is planning more substantial layoffs across the board.

See more on this latest development at Gibson… [Read more…] about Gibson, After Light Pruning, Plans Global Layoffs

Filed Under: Brands, Financial, Manufacturers, Strategy Tagged With: Esoteric, Gibson Brands, Gibson Guitar, Henry Juszkiewicz, Integra, Onkyo, Philips, Pioneer, Tascam, Teac, Teac/Tascam, WOOX

Gibson Sells One Division & Cuts Staff in Another

February 28, 2018 by Ted Leave a Comment

Famous musicians using Gibson guitarsThe 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 few short months away. We learned over the last few days that Gibson has sold their recently shuttered Cakewalk Inc. division and laid off staff in their famous Custom Shop operation.

See more about the continued dramatic developments surrounding Gibson… [Read more…] about Gibson Sells One Division & Cuts Staff in Another

Filed Under: Financial, Management, Strategy Tagged With: Gibson, Gibson Brands, Gibson Guitar, Henry Juszkiewicz, Integra, Onkyo, Pioneer, Teac, Teac/Tascam, WOOX, Woox Innovations

CEO Says Gibson Will Dump Brands

February 22, 2018 by Ted Leave a Comment

Financials Show Sales & Profits Continue to Slide

Photo of Gibson CEO Henry Juszkiewicz
Henry Juszkiewicz, CEO

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 Post that the company is going through a little “spring cleaning,” Juszkiewicz says the company already dropped their Cakewalk music software group, and other brands in their portfolio are next to go. But a financial report to bondholders shows continued deterioration of both sales and profits, suggesting that simply pruning a few brands from the portfolio may not be enough to attract new investors or lenders.

See more on the dire situation at Gibson Brands… [Read more…] about CEO Says Gibson Will Dump Brands

Filed Under: Brands, Financial, Management, Manufacturers Tagged With: Esoteric, Gibson Brands, Gibson Guitar, Henry Juszkiewicz, Integra, Onkyo, Pioneer, Tascam, Teac, Teac/Tascam

Gibson Stuns the Music World, Shuts Down Cakewalk

November 30, 2017 by Ted 5 Comments

Acquired in 2013, Cakewalk was Killed for Philips, Gibson Says

Cakewalk logoIn 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 down operations at Cakewalk Inc., a popular music creation software company it owns. Music industry-centric websites around the internet exploded with largely critical coverage of the move, and comments on Cakewalk’s website are decidedly negative – both sad and angry – as customers seek to process the shocking news.

See more on yet another move by struggling Gibson…

[Read more…] about Gibson Stuns the Music World, Shuts Down Cakewalk

Filed Under: Brands, Financial, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: Cakewalk, Gibson, Gibson Brands, Gibson Guitar, Henry Juszkiewicz, Integra, Noel Borthwick, Onkyo, Pioneer, Teac, Teac/Tascam

Gibson Brands Continues to Show Signs of Strain

November 2, 2017 by Ted 1 Comment

Downsizing Factory & Dilution of Onkyo Ownership

Logo for Gibson BrandsRecent 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 tidbits of news have conspired to bring Gibson, and their financial challenges to the fore. And as we try to digest all of this, it’s clear that Gibson is continuing to show signs of strain due to sluggish results from its aggressive diversification into consumer electronics jeopardizing its ability to deal with looming huge debt payments on the loans used to acquire CE brands.

See the news that shines a light on Gibson’s troubled financial position… [Read more…] about Gibson Brands Continues to Show Signs of Strain

Filed Under: Asian Connection, Brands, Financial, Management, Manufacturers, News, Strategy Tagged With: Gibson Brands, Henry Juszkiewicz, KRK, Onkyo Corp., Onkyo Corporation, Onkyo USA, Philips, Pioneer, Stanton, Teac, Teac/Tascam

Gibson Brands Takes Control of Onkyo Corp.

July 5, 2017 by Ted Leave a Comment

BREAKING NEWS

onkyologo

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 higher-quality electronics began in 2012. This small announcement portends a potentially significant change in the relationship between the two entities.

See more on this news out of Japan about Gibson and Onkyo… [Read more…] about Gibson Brands Takes Control of Onkyo Corp.

Filed Under: Asian Connection, Brands, Management, Manufacturers, News, Strategy Tagged With: Elite, Esoteric, Gibson Brands, Gibson Guitar, Henry Juszkiewicz, Integra, KRK, Onkyo, Onkyo USA, Pioneer, Stanton, Tascam, Teac, WOOX

Onkyo Internally Announces Major Sales Structure Reorganization

October 27, 2016 by Ted 2 Comments

BREAKING NEWS

Four Major Brands to be Consolidated into Two Divisions

Onkyo logoIn 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, Pioneer, and Pioneer Elite – into two newly-created divisions.

See more on this breaking news from Onkyo… [Read more…] about Onkyo Internally Announces Major Sales Structure Reorganization

Filed Under: Brands, Manufacturers, News, Pivot Point, Sales, Sales Reps, Strategy Tagged With: Integra, Joe Petrillo, Keith Haas, Onkyo, Pioneer, Pioneer Elite

Dirac Cuts Interesting Deal with Pioneer

April 21, 2016 by Ted Leave a Comment

Dirac logoDirac 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 mainstream manufacturer, will put Dirac technology in a wide range of products under a wide range of brands.

See more about this milestone agreement for Dirac… [Read more…] about Dirac Cuts Interesting Deal with Pioneer

Filed Under: Asian Connection, Manufacturers, News, Tech Trends Tagged With: Dirac, DIRAC Research, Mathias Johansson, Pioneer, Pioneer Corp.

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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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