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A Bankrupt Audio Brand Is Now Powering One of America's Most Iconic Speaker Companies, Says Industry Insider
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A Bankrupt Audio Brand Is Now Powering One of America's Most Iconic Speaker Companies, Says Industry Insider
Even the insider admits he used to pass on this brand when he was a dealer. In May 2022, Onkyo filed for bankruptcy in Osaka District Court. The 76-year-old Japanese audio brand that had helped define home theater for a generation owed debts it couldn’t cover, and it was done. But its engineers weren’t. An acquisition months earlier had pulled Onkyo’s entire Osaka engineering division into the same corporate family as Klipsch, the Arkansas-born …
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