Olympus sells camera division

Digital Camera World:

In huge news within the camera industry, it has been announced that Olympus Corporation will be divesting its imaging business to a Japanese private equity fund.

We spoke to Olympus, which is eager to stress to customers that it is very much business as usual, and that “this is the right step to preserve our brand’s legacy, the products, and the value of our technology”.

I wonder if this is just the first shoe (of possibly many) to drop? According to the story, “JIP specializes in restructuring loss-making businesses to make them profitable before reselling them.” So this is likely the end of Olympus as we know it which would be a huge shame. I’ve used their M1 and TG brand cameras and like and recommend them.