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“While the brand’s recent pause was unfortunate, it followed a period of its strongest sales on record”: Vista Musical Instruments acquires Scottish retailer Kenny’s Music[Editor’s note: MusicTech.com and Vista Musical Instruments are both part of the Caldecott Music Group.]
After announcing it was ceasing trading last year and entering into Creditors’ Voluntary Liquidation, the intellectual property, brand assets and goodwill of Kenny’s Music have been acquired by Vista Musical Instruments.
The acquisition has been completed by Liquidators of Kenny’s Music, Thomson Cooper, with Hilco Global acting as exclusive sales agent.
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Kenny’s Music enjoyed a near-20-year run following its founding in 2008 by Kenny Graham. Before the announcement that the retailer had ceased trading in October and planned to move into CVL proceedings, Kenny’s had become an integral part of Scotland’s music scene, serving customers in Glasgow, Dundee, Aberdeen and Dunfermline, maintaining ties with local artists and fostering music culture in the country.
The retailer announced its plans to enter CVL proceedings despite reporting its “strongest sales ever in recent years”. At the time, in addition to a number of brick-and-mortar stores across Scotland, Kenny’s also operated an online store.
The acquisition of Kenny’s Music by Vista Musical Instruments turns over a new leaf for the Scottish retailer, with a new online store currently in development. Customers can visit kennysmusic.co.uk to sign up to its official newsletter for updates on the brand’s relaunch.
In the meantime, customers can also reach out via the Kenny’s website for personalised concierge services, expert gear advice and professional consultations.
Kenny’s customers will also get access to a range of global brands, including Fender, Martin, Heritage Guitars, Harmony and MONO.
“We’re excited to welcome Kenny’s Music into our VMI ecosystem,” says Vista Musical Instruments CEO Meng Ru Kuok. “While the brand’s recent pause was unfortunate, it followed a period of its strongest sales on record. There is a great foundation here to build upon, and we appreciate Hilco Global’s professionalism in helping us ensure this legacy is reimagined for the next generation of musicians.”
Find out more at Kenny’s Music and Vista Musical Instruments.
The post “While the brand’s recent pause was unfortunate, it followed a period of its strongest sales on record”: Vista Musical Instruments acquires Scottish retailer Kenny’s Music appeared first on MusicTech.
“While the brand’s recent pause was unfortunate, it followed a period of its strongest sales on record”: Vista Musical Instruments acquires Scottish retailer Kenny’s Music
musictech.comAfter ceasing trading in October, Scottish retailer Kenny's Music has been acquired by Vista Musical Instruments.
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