Arri reportedly weighing sale options

Citing people familiar with the matter, Bloomberg said that Arri’s management and owners are in initial talks with potential advisers and that a deal could involve selling a majority or minority stake.

Bloomberg reported that no final decisions have been made and there’s no certainty the talks will lead to any kind of sale.

The report also said the company has been working with consultancy AlixPartners to streamline its business.

Arri was founded by cinematographers August Arnold and Robert Richter in 1917 to make camera and lighting equipment. It is now owned by the Stahl family, heirs of co-founder Robert Richter.

The company has offices in 16 countries and has around 1500 employees, offering high-end film cameras, lenses, lighting and rental equipment.

Last month the company unveiled a major update to its Alexa 35, the Alexa 35 Xtreme.

Earlier this year, it signed an agreement to sell its lighting fixtures subsidiary Claypaky to EK Inc.

News of the potential sale comes amid an ongoing global slowdown in production that has hit rental equipment suppliers hard.

Arri has said that it does not comment on market speculation or rumours