ANOTHER ONE bites the dust...

[Michaels HiFi]

Let's recap the last few months:

1) Lost their UK "factory";
2) Fired the last 5 remaining Tannoy employees;
3) moved all their inventory from their "factory" in the UK back to China where it was mostly all produced;
4) Had issues paying landlord monies owed and from what I hear have still failed to pay monies owed to him;
5) The new US distributor dumped them;
6) The German distributor dumped them;
7) They are not accepting any order for any items from anyone;
8) and now this latest update per the image below.

But don't worry, certain people on this forum said Tannoy is doing just fine (and attacked people talking about Tannoy who had direct information) and the previous head of Tannoy and previous distributor talking about Tannoy in a death spiral were all just lies...

Boy, must be great to be as smart as some of these forum "experts"...

 

[Shadowfax]

The writing was already on the wall when Fyne became a Player. Losing all your top people doesn't usually help a company prosper or survive. I am still happy with my Fynes and glad to see they keep selling more pairs.

 

[Michaels HiFi]

The writing was already on the wall when Fyne became a Player. Losing all your top people doesn't usually help a company prosper or survive. I am still happy with my Fynes and glad to see they keep selling more pairs.

Agreed. You had to dig pretty deep in the kool-aid to be claiming all was 'FYNE' with Tannoy and to try and take the stance it was false.

It's the same people who are claiming the customer with Taiko issues who also went public for all to see with his fight is lying.

At least they are constantly wrong.

 

[Dr Morbius]

Sad to see another old and venerated company become extinct. I always liked their speaker designs but ultimately went with Klipsch as I like to buy American when I can.

 

[Randy Myers]

Sad to see another old and venerated company become extinct. I always liked their speaker designs but ultimately went with Klipsch as I like to buy American when I can.

When I can is the key. I own McIntosh (although nothing is 100% made in America) they are about as close as it gets for electronics. But for speakers I have always preferred the Bristish designs/sound and Harbeth is about as British as you get.

 

[Dr Morbius]

I love McIntosh but being so expensive I went with the next best thing, HH Scott which are built incredibly well. Here’s a pic.

 

[Michaels HiFi]

When I can is the key. I own McIntosh (although nothing is 100% made in America) they are about as close as it gets for electronics. But for speakers I have always preferred the Bristish designs/sound and Harbeth is about as British as you get.

Very true, Randy. Harbeth is the real deal for sure.

Now with Lockwood returning to the scene en force, it will be great to add another one to the "Real British" speakers as well.

 

[Dr Morbius]

I should mention the Scott’s have huge transformers and I upgraded the capacitors which made a world of difference!

 

[Dr Morbius]

Instead of Tannoy I went with these:
My granddaughter helped me by holding the capacitors while I soldered them in the crossovers!

 

[Michaels HiFi]

Instead of Tannoy I went with these:
My granddaughter helped me by holding the capacitors while I soldered them in the crossovers!

Very nice indeed.

 

[Bones13]

Instead of Tannoy I went with these:
My granddaughter helped me by holding the capacitors while I soldered them in the crossovers!

Looking great! How long for burn in?

 

[Randy Myers]

I love McIntosh but being so expensive I went with the next best thing, HH Scott which are built incredibly well. Here’s a pic.

Sure, back in the day. They have not been around for how long now ? Used to like Hafler, and other American kits, but not options any more. There are other American made high end gear, but they are certainly in the same price ranged as McIntosh. Schiit is a good alternative.

Of course, in today's world there is no such thing as 100% American made. Even the most American of all, McIntosh for example, have to get many parts that are sourced from overseas.

 

[Soundbaron]

Let's recap the last few months:

1) Lost their UK "factory";
2) Fired the last 5 remaining Tannoy employees;
3) moved all their inventory from their "factory" in the UK back to China where it was mostly all produced;
4) Had issues paying landlord monies owed and from what I hear have still failed to pay monies owed to him;
5) The new US distributor dumped them;
6) The German distributor dumped them;
7) They are not accepting any order for any items from anyone;
8) and now this latest update per the image below.

But don't worry, certain people on this forum said Tannoy is doing just fine (and attacked people talking about Tannoy who had direct information) and the previous head of Tannoy and previous distributor talking about Tannoy in a death spiral were all just lies...

Boy, must be great to be as smart as some of these forum "experts"...

View attachment 34632

 

[Soundbaron]

I notice one of the biggest stores (Upscale Audio) in CA has what looks like a sale on every Tannoy they have, which is about 12 or thirteen different models. The sales appear to be significant.

 

[Michaels HiFi]

I notice one of the biggest stores (Upscale Audio) in CA has what looks like a sale on every Tannoy they have, which is about 12 or thirteen different models. The sales appear to be significant.

Yes - they have been selling them upwards of 50% off to try and get rid of their remaining stock after one of their employees quit and took Tannoy distributorship with them. They now also been unable to do anything with Tannoy and gave up the brand (I don't think they are super successful with any of their other brands either but I may be wrong).

Upscale made videos about how they had so many issues with the quality of Tannoy speakers, they now need to open every single box and inspect every single Tannoy speaker before they can ship them to a customer. He shared his defective rate spread sheet with me and some photos - it was staggering to see. Absolute insanity.

One issue is Tannoy would send out such a high rate of speakers with issues and there was a no-return policy. So they sent out speakers with issues and the distributors were stuck with them and trying to fix them on their own. They still needed to pay full price for the speakers and then in turn sell them at a discount. To call the situation pure-insanity is an understatement.

One of the challenges to sell remaining stock is the low Tannoy sales rate. In the USA last year they sold less than one Ferrari's-worth value of speakers. Their international sales are about 1/30 of what they used to be.