Friday, November 22, 2013

Piano Maker Exits

The Wall Street Journal reports that French piano maker Pleyel will exit (permanently go out of business) the market.  Reading the article with an economic lens, we see that demand for high end pianos has decreased and newer more efficient manufacturer's have entered reducing Pleyel's sales revenue more than their the reduction in their costs resulting in accounting losses of over 1 million Euros.

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