Saturday, August 13, 2022
No menu items!

The historic Japanese brand Onkyo has filed for bankruptcy

Must Read

The Japanese manufacturer of audio equipment “Onkyo Home Entertainment” he has declared failure due to total liabilities of approx 3.1 billion yen (about 23 million euros). Among the causes of the failure, certainly the change of habits among music userswhich in recent years have increasingly preferred to use smartphones to listen to music.

In this regard, the company told Nikkei “that it tried to keep the business on a small scale but failed to prevent the cash flow problems from getting worse.” Other rescue attempts were also made, however, it was not enough to keep society alive.

In any case, the Onkyo brand will survive the bankruptcy of the parent company. In fact, the main business of the company was sold to Voxx e Sharpwhich will continue to offer products for the audio / video market like stereo amplifiers.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

How to see what the other person liked on Instagram

Seeing what the other person liked on Instagram was a very simple task on the platform in the past,...

More Articles Like This