Vestax Files for Bankruptcy
Japanese DJ equipment manufacturer Vestax had been suspiciously quiet for much of 2014, leading many […]
Japanese DJ equipment manufacturer Vestax had been suspiciously quiet for much of 2014, leading many to believe that the company was on the verge of closing down. Now, those rumors have been confirmed with word arriving that Vestax has filed for bankruptcy in Japanese court. After the news initially surfaced on Japanese business news website Teikoku Databank, Resident Advisor has further reported that Vestax in fact “stopped business operations at the end of August and officially entered bankruptcy proceedings in Tokyo District Court on December 5th.” A leading producer of turntables, mixers, and DJ accessories during the turntablist explosion of the early aughts and beyond, it is unclear what exactly has led to the demise of Vestax, though one imagines the rise of digital DJ controllers and the likes are partially responsible. Resident Advisor’s full article on Vestax’s bankruptcy filing can be read here.