[PeterMusic]

I have no info on this particular situation, but as a private equity investor, I've seen this movie before--Yu persuaded his investors that they should pay a premium for B&W because the Formation series would bring hifi back to the golden days of decades past, marrying digital convenience with uncompromising sound, and thus transforming a boutique supplier to high end mass market provider--$$$. Alas, it was not so easy--revenue targets missed by a mile, and now the investors are wondering why they didn't license the technology broadly a'la Roon. So they boot the passionate guys, and hire someone strictly focused on the bottom line. Don't expect a flood of new products in 2021 from Worthing. Sad