As rumors of Onkyo s bankruptcy along with Pioneer, keep swirling around the industry and despite local distributor Ambertech struggling to get stock, Company executives are still telling observers that they have a future.
Now as their fiscal year draws to a close on March 31st, the historic Japanese audio firm appears to be breathing new air with speculation that Klipsch owners Vox International has offered some funding.
Last year Onkyo USA delivered distribution to Klipsch (under 11 Trading Company).
This was just part of a plan that included much internal restructuring in both Japan and its global businesses after Sound United who recently acquired Melbourne based distributor Qualifi walked away from investing in the business.
Read the full article at: https://www.channelnews.com.au/is-onkyo-pioneer-heading-for-bankruptcy-as-d-day-passes/