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In Reply to: Re: John Dunlavy's (1929-2007[Jan] ) quiet passing posted by John Atkinson on March 13, 2007 at 07:23:30:
Other than the fact that it closed its doors seemingly very soon after the Dunlavy's sold it, what did happen?It appears that the company had substantial physical assets, an established distribution network, an accepted line of products, good brand reputation, etc. -- all of which seemed to have vanished into thin air. One would have thought that the buyer from the Dunlavys would have been able to sell the company again if they didn't think they could make a go of it themselves.
It's nice that the Duntech folks are building on John D's. work, but, realistically, speakers are heavy things to ship around; and Australia is a long way from the United States.
Follow Ups:
This information is from a friend who was working at Dunlavy when it shut down.The new ownership invested over $1 million in the company and decided to have its cabinets made in China. A $200,000 shipment arrived from the new supplier and all the cabinets were flawed beyond use or repair. Apparently there was no recourse. Fed up, the owner simply pulled the plug. Employees received no notice.
What kind of person drops $1M for the company (or is the $1M in addition to what was paid to the Dunlavys?) and then --*launches an initial order of product from an untested overseas supplier in a . . . ahem . . . "non-transparent" country to the tune of $200K
and, following that diaster, just says "screw it," dumping all of the accumulated goodwill of the brand and its products into the toilet?
The "new owner" must have inherited the money, won it in the lottery, or been a dot-commer; because he/she is surely no businessman.
Too bad lots of people -- employees, dealers -- got caught in the crossfire.
...the buyer had a fairly successful concert-lighting-gear company. He seemed to think that live-event lighting apparatus and high-end home speakers were a natural fit.With logic like that, is the rest all that remarkable?
Oh--he also made pissy comments about John's business acumen...as HE (the buyer/company-killer) announced the closing.
Class. Pure class.
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