Hopefully they will continue to operate as subsidiary and maintain quality while improving supply chain.
Breville to acquire Lelit
What a shame
Decent De1pro v1.45 - Niche Duo - Niche Zero - Decent is the best machine ever made -
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They bought Baratza back in 2020, but that brand remains intact. I wonder if the same will happen with Lelit.
Wow.
I hope Lelit doesn’t change much, but
“A pre-acquisition restructure of the LELIT Group has commenced, with key members and the founders of LELIT joining the Breville Group”
That alone could be quite meaningful…
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The one hesitancy I had when buying the Bianca was whether when spending that kind of money I should’ve gone with a name with a more recognisable heritage.
Maybe I should’ve saved for that Linea Mini after all…
Question is should I sell the Bianca before the value inevitably plummets.
Will it be any different from VW owning Porsche, or Fiat owning Ferrari ?
Well, will they start to use cheaper parts under the hood to squeeze out more greedy profits? That’s what happens with all our recognised food brands for example when the big fish buy them. Hope not, but who knows at this stage. It is slightly encouraging to hear members of the Lelit team will join the group but I guess it’s all vague at this stage
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Or Smeg owning La Pavoni, or Philips buying the Gaggia brand.
As long as they keep their ethos, it should be good. Breville would give them the business know-how, give them a cash injection so they potentially could expand the business and improve their machines.
However… Breville already makes coffee machines in the same segment. In fact, they acquired a direct competitor on the lower lower/mid product ranges, (Victoria, Grace, Kate, Elizabeth) but there’s no similar on the upper range (MaraX, Bianca, Giulietta). Also Lelit has two divisions: coffee machines and steam irons. I’m assuming the acquisition was for both divisions.
Oh well. Big fish eats small fish.
My main concern will be availability of spares, electronics, gaskets, valves, hearing elements, boilers, pumps, etc.
@DavecUK - how’s that going to affect your relationship with Lelit?
I assume this is the Aussie Breville, known as Sage in the UK, which isn’t to be confused with the makers of £5 sandwich toasters sold in Argos when you were a kid.
The Sage/Breville gear is pretty decent mid to higher range consumer goods. Some of their stuff is pretty obsessively made too, like the waffle iron, vacuum blenders or in particular the Pizzaiolo oven.
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My main concern is parts/repair longevity in future for pre-Breville Lelit machines. I’ve not had any first hand experience with Sage products so I don’t know what repair/parts availability is like.
I know they make quality appliances and I’ve been coveting the Pizzaiolo, but I never really saw my Bianca as an appliance.
But if they discontinue support for any ‘legacy’ Lelit machines then that is really going to suck.
Some people may not mind but I’m tempted to put my Bianca up for sale and get something from one of the more established Italian brands.
I am not sure it is likely to affect the value of machines like the Bianca, it may even make pre-Breville acquired Biancas more desireable a few years down the line.
MediumRoastSteam @DavecUK - how’s that going to affect your relationship with Lelit?
I don’t know, just found out from this thread, it depends on how independent they are. I guess this reflects just how successful they have been and how many people have purchased their machines.
I wouldn’t think spares are a problem, as most internal parts will be generic.
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I guess that’s the other way it could go, and happens in other industries;
I was shopping for glasses recently (and being typically nerdy about it) and saw that items from Luxottica-owned brands (RayBan, Oliver Peoples etc) become sought-after if they’re from pre-buyout stock.
Where are Sage/Breville machines made?
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Ernie1 The other thing to consider, why would Breville pay so much for a company, just to stop doing what made it so valuable. I can see this adding to the coverage of Breville in the Coffee environment. Especially at the higher level prosumer segment.
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I agree. They bought it to build the brand, not destroy it.
they probably have, the problems come when they try to maximize profit
Decent De1pro v1.45 - Niche Duo - Niche Zero - Decent is the best machine ever made -
Dunno, I’m less confident. The spectacle frame analogy is a good one, companies that once made quality frames like Oliver Peoples, Rayban and Oakley started to churn out tat after the Luxottica take over. Going back even longer and more niche but Fender started making worse guitars when taken over by CBS in 1965. Likewise Gibson made much worse guitars after the Norlin take-over in 1969.
Big companies get big by maximising profit i.e. cutting costs and selling to bigger market. The quality needs to be adequate rather than excellent. I expect similar changes will be made at Lelit.