Luxman is a brand name of Japanese Luxman Corporation, a company that manufactures luxury audio components.
| FactSnippet No. 1,631,432 |
Luxman is a brand name of Japanese Luxman Corporation, a company that manufactures luxury audio components.
| FactSnippet No. 1,631,432 |
Luxman produces a variety of high-end audio products which include turntables, amplifiers, receivers, tape decks, CD players and speakers.
| FactSnippet No. 1,631,433 |
Luxman began as the radio equipment department of Kinsuido Picture Frame Store in Osaka, until then only an importer of picture frames, and was founded just ahead of the first radio broadcast that year.
| FactSnippet No. 1,631,434 |
Luxman were primarily specialists in making vacuum tube amplifiers of the highest caliber.
| FactSnippet No. 1,631,435 |
In 1984 Luxman became part of Alpine Electronics, another Japanese electronics brand.
| FactSnippet No. 1,631,436 |
Alpine, wishing to merge their home hi-fi divisions and Alpage brand with Luxman gear, took corporate actions which nearly bankrupted Luxman.
| FactSnippet No. 1,631,437 |
The first of these corporate mistakes was getting Luxman involved in a hi-fi market share war with rival consumer electronics brand Yamaha.
| FactSnippet No. 1,631,438 |
Up to the point of the merge, Luxman was revered as a prestigious audio brand; one that sold its equipment in specialist independent hi-fi shops.
| FactSnippet No. 1,631,439 |
Post-merge, Luxman looked to sell their products to companies such as Costco and Richer Sounds in order to compete with Yamaha.
| FactSnippet No. 1,631,440 |
Where Luxman's reputation was in high-end and the often expensive markets, its new distributors had reputations for selling in budget and low-value markets, causing problems for existing dealers and consumers loyal to Luxman's values.
| FactSnippet No. 1,631,441 |
Since that time, the Luxman Corporation has been able to again indulge in its founding objectives, which is simply to create the best audiophile equipment in the world.
| FactSnippet No. 1,631,442 |
In 2009, Luxman Corporation was acquired by the International Audio Group Ltd.
| FactSnippet No. 1,631,443 |