Bowers & Wilkins

Creditor of EVA Automation Files Court Action to Force Them Into Bankruptcy

September 1, 2020 by Ted 1 Comment

Says EVA Automation Owes Them $30 Million

Last week, several sharp-eyed Strata-gee readers forwarded the news that was initially erroneously reported that EVA Automation had filed for bankruptcy in Northern California. Actually, a search of court records revealed that a creditor of EVA Automation – Top Victory Investments Limited – has filed an action with the United States Bankruptcy Court in Northern California seeking to force EVA Automation into bankruptcy. EVA Automation, as most Strata-gee readers well know, is a former majority owner of Bowers & Wilkins (B&W).

See more on the action against EVA Automation…

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B&W Offers New Products & Old Friends as Sign of Strategy Change

June 24, 2020 by Ted Leave a Comment

B&W 702 Signature Series speakers — *702 Signature [Click to enlarge]*

Intros 700 Series Signature Models & Rehires Past PR Agency

Bowers & Wilkins (B&W), a leading high-end specialty loudspeaker brand for 54 years, that recently zigged and zagged when it was acquired by EVA Automation and launched a whole new line of wireless multi-room audio systems, has taken steps to demonstrate its re-focus on their high-end, high-performance roots. These moves include re-hiring the company’s long time PR company and now launching new products that are true to its heritage as an undisputed leading premium brand.

Learn more about B&W’s latest moves…

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B&W Exec James Krakowski Tells Strata-gee, Ignore the ‘Noise,’ It’s All Good

June 18, 2020 by Ted Leave a Comment

Just last Friday, the big news hit that Sound United had signed a letter of intent (LoI) to acquire respected audio specialty brand Bowers & Wilkins. Strata-gee was one of the first to break the news and from the moment I hit “publish,” Strata-gee web traffic stats made it clear that you all viewed this as big news as well.

That first announcement came from the Sound United camp – and it was pretty terse. As luck would have it, for the last couple of weeks before that news hit, I had already been pursuing an interview with James Krakowski, Bowers & Wilkins’ Executive Vice President, Americas, to follow up on a previous story. Although we had been struggling to find a time to connect, when this news hit, he graciously agreed to make himself immediately available for an interview.

Learn more about what’s going on with B&W now…

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In Unusual Saturday Statement, B&W Says, In Effect, We’ll Speak for Ourselves, Thank You

June 13, 2020 by Ted 6 Comments

Just ‘Early Stage Talks’ to ‘Explore Opportunities;’ No Mention of Agreement

Late in the day yesterday (Friday), Strata-gee told you about an announcement from top multi-brand audio provider Sound United, saying they had reached a preliminary agreement to acquire Bowers & Wilkins (B&W), a leading high-performance, high end audio loudspeaker brand. It was big news that represented another step in a long saga of B&W looking for a new home, after a previous deal with EVA Automation and its CEO Gideon Yu fell completely apart.

Now as I write this today, B&W has released a rare Saturday morning press statement that gives the same news – but from the B&W side of the deal…a statement that seems shaded differently than the Sound United characterization.

Bowers & Wilkins in Preliminary Agreement to Be Acquired By Sound United

June 12, 2020 by Ted 4 Comments

In yet another twist in the long and winding saga of Bowers & Wilkins (B&W), it was announced late Friday that the company has entered into an agreement to be acquired by Sound United, the parent company of several audio brands such as Denon, Marantz, Polk Audio, Definitive Technology, HEOS, Classé, and Boston Acoustics.

See more on Sound United acquiring Bowers & Wilkins…

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B&W Letter to Dealers Confirms Gideon Yu and Greg Lee Leave the Board; Questions Remain

March 5, 2020 by Ted Leave a Comment

High performance loudspeaker manufacturer Bowers and Wilkins (B&W) sent a letter to their dealers last week addressing issues that have arisen recently, especially as they pertain to the management of the company. As is often the case with this company, the letter answered some questions…but raised others.

See more on B&W’s dealer letter…

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Breakdown at B&W; Industry Buzz Reaches Fever Pitch

February 26, 2020 by Ted 7 Comments

Maybe you’ve heard the buzz about a major shake-up taking place at B&W. Reports out of the U.K. say that Gideon Yu, Greg Lee, David Liu and others have all stepped down from the Board of Directors. There is a link being passed around to a web page for the “Companies House,” which is a government-connected registrar of companies and corporations. The link goes to a page which indicates that several B&W executives and directors have “resigned” their positions. So just what is going on?

What I Know So Far About Changes at B&W…

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Reader’s Choice: The Top 10 Strata-gee Stories of 2019

December 30, 2019 by Ted 6 Comments

As we hurtle headlong into the a new decade – the 2020s – it’s a good time to pause and take stock of some of the major events of our industry’s recent history by ranking the Top 10 Strata-gee stories of 2019 based on total page views. This ranking shows just what stories drew the most attention of Strata-gee’s eminently intelligent and inquisitive readers.

See which 2019 Strata-gee stories were tops with readers…

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The Curious Case of the Disappearance of Classé

October 31, 2019 by Ted 2 Comments

BREAKING NEWS Acquired by Sound United Two Years Ago, Then Gone

It was January 2018 when I reported that Sound United had completed its acquisition of Classé, an acquisition which had been first announced in December of 2017. In the weeks leading up to that December, former owner Bowers & Wilkins was considering getting out of the electronics business…maybe. After months of confusion, where on any day executives at Classé teetered back-and-forth between survival and demise – it now seemed that Sound United had thrown them a lifeline…a chance to live to fight another day.

And then they dropped out of sight for the last two years…

What happened to Classé?…

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Formation – A Formidable Foray into Digital for B&W

April 24, 2019 by Ted Leave a Comment

Ever since EVA Automation acquired Bowers & Wilkins (B&W) back in 2016, I have nervously watched to see the impact of this clash of cultures – new wave with old school. Strata-gee had already exhaustively reported on the painful slow-motion train wreck of Thiel Audio – another high-end audio brand purchased by private equity. In that case, its ultimate demise was in part due to the launch of affordably-priced, but common Bluetooth technology speakers relying on the power of the Thiel brand to justify the non-common selling price.

Would audiophile darling B&W suffer the same fate?

See more on B&W’s new Formation wireless line…

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Bowers & Wilkins

Creditor of EVA Automation Files Court Action to Force Them Into Bankruptcy

Says EVA Automation Owes Them $30 Million

See more on the action against EVA Automation…

B&W Offers New Products & Old Friends as Sign of Strategy Change