I always have an initial shudder when a small co like ARC is subject to a leveraged buyout as the direction of the company may be changed from above and artisanal work may give way to product that is compromised due to a greater need for profits unattainable under the current business model. The fact that Charlie Randall is involved does give me some comfort although I hope he does not focus capital and attention on his baby to the detriment of one of his former arch rivals.
Anyone catch news about The Fine Sounds Group?
Just read on The Audio Beat web site a news blip that the Italian owner of The Fine Sounds Group sold out to a new group of investors which includes McIntosh management. As an fyi, The Fine Sounds Group includes such notable high-end companies such as ARC, Wadia, McIntosh and Sonus Faber.
I wonder if the ownership shift heralds a change in the way the constituent companies do business??
I wonder if the ownership shift heralds a change in the way the constituent companies do business??