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Grande Holdings



Grande Holdings Ltd (Chinese: 嘉域集團有限公司) (: 0186) is a Chinese manufacturer of consumer and professional audio and HiFi components based in Kowloon, Hong Kong.

In the past Grande Holdings has purchased several Japanese HiFi manufacturers including: Akai, Nakamichi and Sansui. It also owns Kawa a Chinese domestic hifi company, and had owned Singer Corporation, a company best known for its sewing machines. The company has since sold off Singer as a brand.

The company was founded by James Ting, a Chinese businessman originally from Shanghai, Christopher Ho, and Stanley Ho (Chinese: 何鴻燊; pinyin: Hé Hóngshēn), Macau's richest and most famous entrepreneurs. In 1999 prior to the collapse of International Semi Tech Microsystems, Grande Holdings acquired Singer, Pfaff, Akai and Sansui Electric assets. Singer and Pfaff were later sold off to SVP Worldwide.

In 1999 during the Asian Financial Crisis the company courted controversy when one of its main subsidiaries in Hong Kong, Akai Holdings Ltd, fell apart after recording a $1.65 billion loss in 1999, one of the biggest losses in Asian financial history. It resulted in Grande Holdings becoming almost bankrupt, and having to sell many of its subsidiaries and business interests to recoup its loss.


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