END OF AN ERA: TURNTABLE & MIXER MANUFACTURER VESTAX CONFIRMS BANKRUPT

December 10, 2014 6:40 pm Published by

Today, we just found out that Turntable/Mixer company Vestax from Japan has filed bankruptcy a few days ago. It is a devestating blow to the DJ community. Vestax has been a pioneering company that brought us classic products such as the Vestax 05Pro Mixer, in which our very own Shortkut & Rhettmatic have help designed this groundbreaking DJ mixer.

From Bilboard Magazine:
Vestax, the Japanese manufacturer of DJ equipment including turntables and digital mixers, has reportedly filed for bankruptcy after more than 37 years. According to Teikoku Databank, a credit research company, Vestax began proceedings in Tokyo District Court on Dec. 5 after falling 90 million yen in debt among sluggish sales.

The company is said to have ceased all business at the end of August. It has not issued an official comment on the move, though several of its websites have been taken offline or left untouched. It was reported in October that the Japanese manufacturer had lost its distributor in the U.S., while a lack of new products at trade shows fueled speculation that it had fallen on hard times.

Founded in 1977 as a maker of electronic guitars, Vestax later shifted its focus to DJ equipment, such as professional turntables, signal processors, drum machines, mixers and MIDI controllers.

The Beat Junkies were once sponsored by Vestax & had a great relationship while during their sponsorship tenure. We like to take the time to thank & salute the whole Vestax staff, past & present, & especially Toshi Nakama for their help & friendship, as well as their contribution to the DJ world.

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