Steinway Musical Instruments, Inc. announced that chairman Kyle Kirkland, CEO Dana Messina, Conn-Selmer president John Stoner, and certain members of management made an unsolicited proposal to acquire the Company’s band instrument and online music divisions.
Steinway Musical Instruments, Inc. (NYSE: LVB) recently reported earnings for the quarter ended March 31, 2011.
MMR recently polled over 100 piano & keyboard dealers to get their input on the state of the market. While some of the data would suggest a “more of the same” status, across the board (the difference between those reporting up, down, and static sales was a whopping seven percent), most we heard from shared positive expectations for the coming quarter, though with a keen awareness of changes to the retail landscape and the mindset of the end-user.
Victor Tibaldeo, founder of Miami’s iconic Victor Pianos & Organs, , has filed a personal Chapter 11 bankruptcy as he tries to reorganize his company.
In conjunction with the recent Rodgers International Dealer Meeting, Roland Corporation U.S. gathered with key Roland piano dealers at Rodgers in Hillsboro, Oregon.