The story
Goodmans Industries was founded in 1923, 1925, or 1926, in Wembley, Middlesex. The company started as a manufacturer of loudspeakers for public address systems. As of the post-war period through to the 1960s, it was based in Lancelot Road, Wembley, where production and engineering took place.
The company was sold in 1959 to Joseph Robinson's Relay Exchanges, which later became known as Rentaset. In 1964, Rentaset merged with Radio Rentals and became known as Radio Rentaset.
In 1967, Goodmans was merged with the acoustic division of Plessey Components Group, based in Havant, Hampshire, and became a subsidiary of a new company, Goodmans Loudspeakers Ltd. In 1968, the company was acquired by Thorn Electrical Industries (later Thorn EMI) as part of their merger with Radio Rentals.
Goodmans moved to Downley Road, Havant in 1970.
In 1984 there was a management buyout at Goodmans Loudspeakers. Its turnover had risen from £7 million to £20 million within three years' time. That same year, in 1987, the company purchased fellow loudspeaker maker Mordaunt-Short, then in September of that year announced a merger with Tannoy, resulting in the largest audio equipment company of Britain. Goodmans Loudspeakers became a subsidiary of the newly created Tannoy Goodmans Industries (TGI). Along with these three brands, the TGI group also owned the Epos and Creek Audio brands. The company later moved to Ridgeway in Havant. TGI floated on the stock exchange, becoming the first company to do so following the Black Monday crash.Goodmans was the shirt sponsor of the English football team Portsmouth F.C. from 1989 to 1995.
Goodmans effectively split in 1991, with OEM loudspeaker builder Goodmans Loudspeakers Limited (GLL) set up as a separate company. On the other hand, the part of Goodmans marketing foreign-made products like in-car entertainment and television sets was purchased by Alba in May 1994 for a "maximum of £3.6 million" and became a subsidiary, Goodmans Industries Limited. The Alba Group also owned and marketed Alba, Bush and Hinari branded electronics. The Alba Group became Harvard International in 2008 when their Alba and Bush brands were purchased by the Home Retail Group.
The Goodmans brand was sold by Harvard International to the B&M Group in 2022, which had been a long time licensee selling Goodmans products in its B&M retail stores.
From Wikipedia’s article on Goodmans (electronics company), shared under CC BY-SA 4.0.3