Marshall Amplification was was formed in 1962 and remained under family ownership for more than 60 years until March 2023, when they were sold to Swedish speaker manufacturer Zound Industries. Marshall still own a 24% stake in the company, making them the largest shareholders in the newly-titled Marshall Group. The takeover deal covers Marshall Amplification and its subsidiaries Marshall Records, Marshall Live Agency and Natal Drums
Marshall and Zound first collaborated in 2010 in a deal that resulted in Marshall’s range of headphones and Bluetooth speakers.
Speaking about the deal, Terry Marshall said: “Since my father and I created the original Marshall amp back in 1962, we have always looked for ways to deliver the pioneering Marshall sound to music lovers of all backgrounds and music tastes across the world - and I’m confident that the Marshall Group will elevate this mission and spur the love for the Marshall brand.”
Victoria Marshall added: “With Marshall Group, the potential to further impact an ever-modernising music industry is a highly genuine one. Together, we will preserve the Marshall legacy and shape the future of ‘Live Loud’. Having worked alongside my father during his later years, I know he would be excited at this direction and the potential to reach a larger worldwide audience with innovation and passion which he always had in spades.”