Listening to Radio 4 today the 'experts' were talking of the drop if not complete stall of demand for luxury goods.
Meridian I'm pretty sure would be classed as a luxury purchase!
With Meridian losing �3 million last year on a turnover of �10 million, I can only see it getting worse over the next couple of years.
I know that they may have some well financed support, but how long will that continue with a loss making business, especially with the losses that many may be experiencing in their other investments!
I would imagine some Hifi shops will be going out of business and I already know of one very large car dealer network on the verge of going bump.
No one seems immune and if Meridian are losing money in a good market what will happen in the current environment?