Future Of Pioneer Electronics OZ Up In The After Pioneer Sells To Onkyo
The Japanese Company who has the distribution rights in
Over the weekend Pioneer announced that it would sell its
Onkyo will acquire all outstanding shares of Pioneer Home
Initially the two Companies were set to merge however a
Insiders have told ChannelNews that this “could be the
Pioneer Electronics Australia executives were not available
Pioneer and Onkyo are expect to execute a definitive
A statement issued by Pioneer claims that the deal does not
Earlier this year Product Planning & Marketing Director Tony Trent quit the Company to take up a new role as global marketing manager for Atmos an International Pro AV Company. In December Jo Konstandinou the Pure Brand Manager quite Pioneer to start her own business.
Then Chris Knott the former General Manager of Sales quit to take a role at with a major European appliance Company.
Last financial year Pioneer Electronics reported a 6.9% increase in sales to $65,293,262 this was up from $61M in the prior year. Marketing expenses increased from $1.9M to $2.1M due to part to retailers demanding investment for new instore merchandising and marketing activities said a Pioneer source.