#11
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Wish you were correct, but ARC vs Prima Luna (Chinese) at 1/3 the cost (or less) likely sways many folks.
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Glenn... Canton Reference 9 Clearaudio SM Pro Focal Bathys JLA 10" Dominion Kuzma Stabi S w/MC & MM Magnepan 1,7i McIntosh MA8950 & MR88 Oppo 203 Roon Nucleus Rose Hifi RS150B Shunyata Gemini-4 Sony ST-A6B, TA-F6B, ST-J75 & PS-X75 Sorane SA1.2 & TA-1L Stillpoints LP1v2 WW Pt, Au & Ag |
#12
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It's all in the court filing (Minnesota Judicial Branch, Hennepin County Civil) and the case is online.
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#13
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I have read elsewhere that ARC is still operating, their former CEO is gone and they expect to have a new owner in a week or so.
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Main Equipment: Kharma Elegance dB11-S, JL Audio F113v2 X 2, Block Audio Line & Mono SE Amplification, Bricasti M21 DAC, Antipodes Kala K-50 Server, Clearaudio Performance SE. Satisfy tonearm & Maestro Wood MM cartridge. Power: Shunyata Everest 8000, Sigma XC v2, Sigma NR v2, Block Audio PCs, Defender, ADDPowr Wizard Grounding: Shunyata Altaira CGS - 4 X Alpha CGS cables, Network : Supra Cat 8+, Twin (Nenon) Modified Buffalo GS2016 Switches, Keces P3 LPSU, Cables: Wireworld Platinum 8 USB, Wireworld Platinum 8 Speaker cables, 6M & 1M Tubulus Concentus ICs, Other:Two PSI Audio AVAA C20, Multiple GIK products, Stillpoint Apertures, Stillpoint Minis and Ultra SS, Three 20 Amp lines, Furutech GTX - Gold outlets, Adona Rack |
#14
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Yes the information was provided by an ARC employee on another forum. It was stated that ARC remains up and running in all respects since the early April filing. Mr. Trent Scruggs is no longer CEO according to this posting. Although a buyer is anticipated no detailed information was provided.
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#15
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Quote:
Many American and European firms in the high end of the market, including I believe ARC, are not really directly competing with the Chinese. I don’t think the people buying brands like ARC, D’Agostino, Wilson, Pass, etc., are seriously distracted by Music Direct Chinese offerings. It looks a lot more like the vp of sales who purchased ARC less than 3 years ago simply was over-leveraged and underfunded, bought when the market was in a boom, and couldn’t sustain his debt payments when the market went into a post-Covid slow-down at the same time interest rates and supplier costs went up.
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#16
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Being overly reliant on Russian Tubes probably doesn’t help. I do hope they come out of this stronger and able to sustain themselves and their customers.
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#17
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Case 27-CV-23-4399 if interested.
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Doug 2-Channel McIntosh C2700, (2X)MC601, MEN220 Lampizator Baltic 3 Sonore opticalRendu, SGC sonicTransporter i5 (Gen 3), Roon Thorens TT TD318 B&W 803D3 JL Audio (2x)f110v2 Shunyata Denali/S v2, Alpha v2 PCs, WW Gold/Silver Eclipse Interconnects, Platinum USB Whole House Music Listening Bluesound Vault2i, PowerNode2, PulseMini2i, Pulse2, (3x)Flex 5.2 System Above using Passthru Marantz SR7012 Oppo 205, Apple TV (4th gen), Sony XBR850e65 B&W HTM2 D3 Second 5.1 System Castoffs from Upgrades LRC Paradigm Millenia 20, Velodyne MiniVee 10, KEF surrounds, DefTech AW6500 |
#18
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Quote:
ARC is an iconic brand built from the ground up and the company has a long history of success. They have had several owners since the passing of their founder, some better suited to their culture than others. Owned by the McIntosh Group (a direct competitor) who also owned Sonus Faber, ARC was subject to management decisions no longer made in Maple Grove. Product wrapper design came out of Italy from Livio Cucuzza. Some of this was not a happiness for in-house ARC and its traditions. TWS LLC was a company created by Trent Suggs, a former ARC sales director, to return, I suspect, the company to its roots. But there was no financial backing behind Suggs. I expect a financier to appear and the company to continue. Hopefully that will be someone who not only understands their value but is committed to sustaining it without trying to turn it into a lilfe-style product following fast moving trends. Several of the core people such as Dave Gordon, Warren Gehl are still there to keep WZJ's vision alive. Imo, their challenges are building off proven designs, which they've done a lot -- from the Ref3 linestage, to adopting the 6H30 tube in the Ref2/Ref5 models and their follow-ons, the Ref 10 series and the Ref3/Ref6 sustained them through the 21st century thus far. And, to find new design talent. Last edited by tima; 05-01-2023 at 06:15 AM. |
#19
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Ooo...I did not realize Prima Luna was made in China. I agree that's a fair comparison
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#20
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I am very sad to hear this. I have always had great respect for ARC. I wondered why the 320 mono had not been launched. Now I know. I hope that an excellent buyer will emerge. The financial climate is very credit restrictive for the foreseeable future. It will be difficult to secure a line of credit.
Best Charles
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