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Topic: Interesting... (Read 1670 times)

iansinclair

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Interesting...

on: July 01, 2013, 04:01:38 PM

but not necessarily good -- or bad. We shall have to wait and see...

https://www.bbc.co.uk/news/business-23134271

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Ian

j_menz

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Re: Interesting...

Reply #1 on: July 02, 2013, 12:05:16 AM

Interesting... I suspect one would have to know the underlying financials of the company to know if changes are likely to be afoot.

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rachmaninoff_forever

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Re: Interesting...

Reply #2 on: July 02, 2013, 02:40:46 AM

As long as they still make good pianos, I'm a happy camper.

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outin

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"Kohlberg partner Christopher Anderson said the firm was looking to help Steinway expand globally, "while ensuring the artisanal manufacturing processes that make the company's products unique are preserved, celebrated and treasured"."

This for me means they plan to start making pianos somewhere where labor is cheaper...

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j_menz

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Re: Interesting...

Reply #4 on: July 02, 2013, 04:49:14 AM

Quote from: outin on July 02, 2013, 04:27:29 AM

This for me means they plan to start making pianos somewhere where labor is cheaper...

Actually, I suspect that they are looking to sell more pianos where you are thinking rather than move manufacturing there (though that may or may not be on the cards).

Historically, they have been biggest in the US and reasonably big in Europe. Both have probably not been the best of markets to have been in for the last few years. Emerging markets in China and India particularly need to be part of their future planning, one would have thought.

Some more facts and figures here.

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"What the world needs is more geniuses with humility. There are so few of us left" -- Oscar Levant

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