NEWS
Dolphin takes a dive, PMT jumps in Controversial online retailer crashes PMT immediately steps in to take over business but not debts of Dolphin Music
DOLPHIN MUSIC has been placed in administration, with PMT owner, S&T Audio, acquiring the assets but not the debt, believed to be around £1.5m. Rumours regarding the online
retail giant have been circulating in the industry for a while, after it reshuffled its management and sold its Huddersfield store to Dawsons. They gathered pace with the announcement that it had closed its remaining High Street store in Liverpool. Director Jason Tavaria placed the firm in administration on May 17th, with Manchester firm Beevers and Struthers appointed to handle proceedings. S&T Audio (the trading name
of retailer Professional Music Technology) has already arranged to take over the business, the staff and the warehouse distribution centre in Liverpool. Director, Simon Gilson, (right)
stated: "We are in the process of working with the management
team at Dolphin to continue trading. Discussions with suppliers are continuing and we ask the trade to give us 30 days to get initial stages completed. "Unlike other administrations the industry has seen in the past, we believe that we can keep Dolphin Music trading and drive business forward. Dolphin Music has a fantastic brand, customer base and a good team. Unforeseen and unfortunate set of circumstances has caused this to happen, but fortunately we have been able to reach an agreement and save the industry from another Sound Control situation.” An email sent to suppliers
from S&T Audio in relation to outstanding stock and business arrangements with Dolphin, was leaked to MI Pro and stressed that PMT was not responsible for any of Dolphin’s liabilities. However, the firm called for patience as it sifted through the stock at the warehouse in Evans
MIRC adds speakers, new partners
THIS YEAR’S MIRC continues to take shape with two more speakers added for the conference programme and four more event partners signed up. Popular MI veteran and former
Roland man Kevin Steel, who now runs the Red Badger consultancy and is also engineering a new MIA-backed
retail training scheme, will be talking about retail sales and training at the event. He joins Stuart Cross from
Morgan Cross Consulting. Prior to founding his business, Cross was head of strategy for Boots the Chemist, where he led a programme that lowered costs at the health and beauty retailer by
some £100 million. His company has worked with some of the biggest names in retail, including DFS, Dunelm and Avon. Cross has also attended the
MIA's Weekend Warrior course and recently joined his first band, The Imposters, as guitarist. Cross will discuss 'Putting The Customer on the Centre-Stage of
Music Retailing'. Meanwhile, Avid and CPC have signed up as Platinum event partners, with IAG/Wharfedale Pro and TC Group-International becoming Gold partners. For more info contact
mirc@intentmedia.co.uk or speak to Jodie Holdway or Darrell Carter on 01992 535647
Road, Liverpool, and attempted to return it to those suppliers with “right of title and loss”. For PMT, Dolphin’s attraction lies in its user friendly front-end website. While the retailer has been hugely successful on the High Street, and also has the Turnkey online operation, which it bought from the ashes of Sound Control, it clearly sees the Dolphin brand and site as a step forward and an opportunity to establish itself as a major player in the online retail sector.
firstimpressions SIGN UP FOR THE MI PRONEWSFLASH SERVICE AT
WWW.MI-PRO.CO.UK
First Impressions from Audio-Technica, is the new way to find your perfect Audio-Technica product. In the studio, at home or on the road, sign up and you’ll have your very own 2 Week Soundcheck, where we send you up to two Audio-Technica products to test out on your own terms for up to two weeks.
For more information, log onto:
www.audio-technica.com/firstimpressions
miPRO JUNE 2011 5
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