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#328837 - 06/17/01 11:50 AM A new Baldwin scenario
Steve Cohen Offline
Yikes! 10000 Post Club Member

Registered: 05/26/01
Posts: 10635
Loc: Maryland/DC/No. VA
This idea didn't come from any industry sources. It is strictly a thought that occured to me.

Bob Jones, who recently was trying to buy Samick is now at the helm of Baldwin. Gibson seems still poised to buy Samick, dominantly for its large guitar manufacturing business.

What if Gibson were to spin off the Samick piano division and merge it with Baldwin? Baldwin could focus on building only high-end grands. The Baldwin dealers could still be marketing their lower-quality Wurlitzer and Chickering lines, only they would be stenciled Samicks. Bob Jones is actually just the guy to pull this off.

This could save an American manufacturer and adds a high-end American made piano, IF Baldwin can still build one. If it was their only focus, I believe they could.

Taking two companies in bankruptcy and making one decent, multi-national company might be a pipe dream, but it could work. They could be a real force in the industry.

Well, this is my half-baked thougt. What do you think?
_________________________
Piano Industry Consultant- http://www.linkedin.com/pub/steve-cohen/6/b92/b80

Consultant & Contributing Editor - Acoustic & Digital Piano Buyer

Jasons Music
Maryland/DC/No. VA
Since 1937.

www.jasonsmusic.com
My postings, unless stated otherwise, are my personal opinions, not those of my clients.

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#328838 - 06/17/01 12:50 PM Re: A new Baldwin scenario
Larry Offline
9000 Post Club Member

Registered: 05/25/01
Posts: 9217
Loc: Deep in Cherokee Country
Gibson has withdrawn their offer to buy Samick, citing Samick's drastic decline in piano sales in recent months as the reason. It seems that were it not for the Korean system of propping up companies in bankruptcy Samick would already be gone.


It also speaks volumes about the state of the piano business, and where it may be heading.
_________________________
Life isn't measured by the breaths you take. Life is measured by the things that left you breathless

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#328839 - 06/18/01 10:18 AM Re: A new Baldwin scenario
lb Offline
1000 Post Club Member

Registered: 05/26/01
Posts: 1731
Loc: Indiana
Two negatives do not make a positive. Not in business anyway.

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#328840 - 06/19/01 10:54 PM Re: A new Baldwin scenario
Steve Offline
Full Member

Registered: 05/28/01
Posts: 53
Must be tough in the piano business right now. In my area the Young Chang dealer went out of business about two months ago. This month the dealer who carried Yamaha and Baldwin closed his doors. That leaves us with two dealers. One sells Steinway, Walter and Boston. The other has Kawai.


Steve

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#328841 - 06/20/01 09:22 AM Re: A new Baldwin scenario
Teri Offline
Full Member

Registered: 06/12/01
Posts: 23
Loc: Utah
Hello Steve!

Interesting, my local music dealership was carrying Young Chang also (including Prams.)
Now they will no longer be carrying them. The salesman told me they were to expensive!
Go figure!

Anyway, as a side note I noticed you are from South Carolina! I have a son serving there in Spartanburg presently. \:\) He's been to Cheraw also. Beautiful country I see from the pictures he has sent us. Small world eh!

Regards. Teri

[ June 20, 2001: Message edited by: Teri ]

[ June 20, 2001: Message edited by: Teri ]

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#328842 - 06/20/01 10:35 AM Re: A new Baldwin scenario
DT Offline
1000 Post Club Member

Registered: 06/01/01
Posts: 1478
Loc: Illinois
A couple months ago, the local Steinway dealer "merged" with the Young Chang dealer. His store still carries only Steinway, Boston, and Samick along with a few unadvertised Charles Walter verticals. I think the YCs might have gone to his Peoria branch. The store carrying Kawai dropped the line a couple years ago. We're left with Steinway and a Yamaha store. Then, again, all the True Value hardware stores have closed, too, even though the town is growing like we lived out there close to Dan rather than here in the flatlands.
_________________________
Through clever and constant application of propaganda, people can be made to see paradise as hell...

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#328843 - 06/22/01 12:51 AM Re: A new Baldwin scenario
Steve Offline
Full Member

Registered: 05/28/01
Posts: 53
 Quote:
Originally posted by Teri:
Hello Steve!

Anyway, as a side note I noticed you are from South Carolina! I have a son serving there in Spartanburg presently. \:\) He's been to Cheraw also. Beautiful country I see from the pictures he has sent us. Small world eh!

Regards. Teri

[/b]


Hi Teri--

Yes, beautiful country in the spartanburg area and nice weather. \:\) We have some great beaches if he has a chance to visit that part of the state.

Steve

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