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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??
bifwynne
jedinite24's avatar
jedinite24
1,503 posts
 
To those who haven't seen this already..

http://www.marketwatch.com/story/grange-and-randall-lead-management-buyout-of-fine-sounds-group-in-partnership-with-lbo-france-and-yarpa-2014-05-09

"The company headquarters will subsequently relocate to New York City, with (Mauro) Grange serving as Group CEO and (Charlie) Randall serving as Group COO and President of McIntosh concurrently."
bifwynne OP
2,206 posts
 
I wonder if new management will add to, or spin off, any of the portfolio companies? I also wonder if the new team will institute changes in the way the portfolio companies are managed?
theo's avatar
theo
2,654 posts
 
It will be interesting to see what happens. I am thinking a new question for a trivia game would be "how many owners has McIntosh had" , as much as I like the products they have had at least four owners since I became a customer. I hope that they will at least let the companies continue in their path of product development and marketing as Fine a Sounds did.
jedinite24's avatar
jedinite24
1,503 posts
 
Bifwynne makes good points. I wonder if the new team will shed some brands or maybe trim product lines for each company? From looking at the brands mentioned in the article wouldn't there be overlap or competition between the McIntosh and Audio Research Company?
dayglow
1,721 posts
 
ARC and MAC do not cater to the same type of customer.
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