Upfront

Music China 2013

Christian Wissmuller •
  • Upfront
• August 21, 2013

More than 1,600 brands and suppliers from 25 countries and regions will display a wide selection of eastern and western musical instruments at this year’s Music China which will be held at the Shanghai New International Expo Centre, Shanghai from 10 – 13 October 2013. The show is a “must-attend” event organised by Messe Frankfurt (HK) Ltd, the China Music Instrument Association (CMIA) and INTEX Shanghai.

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New Dates & Venue for 2014 NAMM Musikmesse Russia and Prolight + Sound NAMM Russia

Christian Wissmuller •
  • Upfront
• August 21, 2013

​NAMM Musikmesse Russia and Prolight + Sound NAMM Russia's 2014 edition will now be held September 18-21 and September 18-20, 2014 respectively and in a new, modern venue, the IEC Crocus Expo in Moscow. Both the timing and the location are being adjusted to best fit the growing needs of the music product and pro-light and sound industries in the region. The second edition held in May 2013 received positive feedback and suggestions for further development from the participants. More than 130 producers and distributors from 15 countries met 9,381 unique visitors, which is a 49-percent increase compared to the show's premiere in 2012. The fringe programs of the fairs consisted of more than 90 events from professional development programming, to seminars and conferences and a music festival for the public.

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The Ukulele Craze Continues…

Christian Wissmuller •
  • Upfront
• August 19, 2013
{youtube}RylxBtEM0sI{/youtube} Fast-forward to the 3:50 point to hear a uke as you've never heard it before!  Read More...

Musser Arrives in Elkhart

Christian Wissmuller •
  • Upfront
• August 19, 2013

With new positions in the south plant and the equipment in place Musser is settling in well to its new home at the Conn-Selmer Elkhart Campus.  Full production began this week (August 18).

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Steinway Sale: Paulson Tops Samick and Kohlberg in Bid, Doubles Share Value

Christian Wissmuller •
  • Upfront
• August 16, 2013

Hedge fund billionaire John Paulson really wants Steinway. While just this past December Steinway stock was selling at $20 a share, he is now paying $40.

A bidding war was sparked by Paulson’s unexpected bid this past Tuesday. The move prompted Steinway’s biggest shareholder, Samick Musical Instruments, to attempt to grab the company for $39 a share. Paulson & Co. quickly shot back with a $40 a share offer, pushing the value of the company to $512 million

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Steinway Deal Turnaround: Billionaire John Paulson Beats Kohlberg Offer

Christian Wissmuller •
  • Upfront
• August 14, 2013

In a surprise move, billionaire John Paulson looks set to take the keys of Steinway Musical Instruments. Private equity firm Kohlberg & Co., which had made an offer on the company on July 1 of this year, yesterday waived its right to negotiate when Paulson stepped in unexpectedly with a higher offer. On the table was a $35 a share bid which many in this industry thought was generous indeed, but it was trumped by Paulson’s $38 a share, placing a value on the 160-year-old American piano maker at $478m.

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New Developments in Steinway Sale

Christian Wissmuller •
  • Upfront
• August 13, 2013

As reported in MMR, on July 1 Steinway Musical Instruments agreed to an acquisition by private equity firm, Kohlberg & Co. The deal was for a reported $438 million and was projected to close in the third quarter of 2013.

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GC Unionization in Chicago

Christian Wissmuller •
  • Upfront
• August 12, 2013

Just a few months since the late-May unionization of the Manhattan Guitar Center retail outlet, employees at a Guitar Center store in Chicago have now voted to form the company's second-ever retail union. This is another significant win for the Retail, Wholesale and Department Store Union (RWDSU), which was unable to unionize two additional New York stores earlier this summer. The new bargaining unit in Chicago will seek to improve wages and to change the store's sales commission structure.

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Seiler Unveils Long-Term Strategy For North America Market

Christian Wissmuller •
  • Upfront
• August 9, 2013

Seiler Pianos, European maker of pianos and grands since 1849, officially launched its new marketing strategy for the North American market during its recent dealer meeting in Nashville, Tenn. The two-day meeting, held at the historic Union Station Hotel, featured the introduction of new lower-priced lines based off the authentic Seiler German designs, a comprehensive suite of marketing tools to support dealers at every level of the selling process, as well as complete point of purchase mural and kiosk to help distinguish the Seiler brand in showrooms.

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Taking Gretsch’s 130th Anniversary Celebration To New Heights

Christian Wissmuller •
  • Upfront
• August 5, 2013

After criss-crossing the United States to attend a series of events celebrating Gretsch’s 130th anniversary this year, Fred and Dinah Gretsch recently took the celebration international. Following an anniversary show at the Sam Ash store in Hollywood on July 20th, they left Los Angeles on the 22nd for a flight to Tokyo, Japan. Because they crossed the International Date Line they arrived on the 23rd — an auspicious date in itself, since it was Fred Gretsch’s birthday.

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D’Addario Honored in Italy

Christian Wissmuller •
  • Upfront
• August 1, 2013
On Saturday, July 20, 2013, the D’Addario family was honored in their hometown of Salle, Italy at the inauguration of the Museo Delle Corde Armoniche.   The museum was created to pay tribute to the many cordari, or string making families, that arose from the town.  The mayor of Salle presented a key to the city […] Read More...

Hal Leonard Employees Raise Money for Children’s Hospitals

Christian Wissmuller •
  • Upfront
• August 1, 2013

14 employees from Hal Leonard’s 140-person Milwaukee office constituted the company’s team in the Tri-ing for Children’s Triathlon, a benefit for Children’s Hospital of Wisconsin in Milwaukee and UW Health American Family Children’s Hospital in Madison. The event took place on Sunday, July 28th in Eagle, Wisconsin, in the Southern Kettle Moraine Forest.

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