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Doublereed Archive - Posting 000081.txt from 2006/12
From: herb fawcett <herbgosia@-----.net>
Subj: Re: [DR-L] Woodwind Brasswind
Date: Wed, 20 Dec 2006 14:50:36 -0500
I sincerely hope to see WWBW again. I have bought three bassoons from them
and many of my students and colleagues have also enjoyed doing business with
them. The price is right and the response is reliable. Sorry the ugly face
of modern law reared its head and ruined a good deal for the rest of us.
I'll bet the lawyers made a bundle.
Herb
On 12/19/06 10:27 PM, "Dave Metzger" <dave_metzger9@-----.com> wrote:
> From www.mmrmagazine.com:
>
> The demise of the South Bend, Ind.-based dealership, which booked 2005 sales
> of $136 million (down from $145 million in 2004), appeared to stem from the
> outcome of a lawsuit involving former minority partners Stephen and Richard
> Zapf. The Woodwind & The Brasswind had acquired Philadelphia-based Zapf
> Music Stores, Inc. in 2002, with the former brick-and-mortar business
> becoming the Internet-only marketer Music123. While Music123 prospered
> following the deal with sales escalating from $20 million to $58 million
> annually over the next three years, the relationship between the Zapf
> brothers and Woodwind CEO Dennis Bamber soured, and both Zapfs were
> terminated in 2004. The Zapfs then sued, Woodwind countersued, and the court
> found in favor of the Zapfs in September to the tune of $9 million. In a
> report published in the South Bend Tribune, Bamber said the bankruptcy
> filing was necessitated to protect the company from the outcome of the
> lawsuit. The court filing also cited the costs involved with closing a New
> Jersey distribution facility and the opening of a new distribution center,
> as well as an $800,000 expense related to software licensing and upgrades.
>
>> Richard Ramey wrote:
>>> This interesting bit of news was sent today on the contrabassoon list.
>>> Does anyone know what the lawsuit, mentioned in the press release,
>>> concerns?
>
> Get live scores and news about your team: Add the Live.com Football Page
> www.live.com/?addtemplate=football&icid=T001MSN30A0701
>
>
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