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Modeling in General
General discussions about modeling topics.
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Dark days for Revell
Klaus-Adler
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MODELGEEK
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Scotland, United Kingdom
Member Since: June 08, 2015
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Posted: Tuesday, March 06, 2018 - 08:56 PM UTC
i have just been reading on another site that Hobbico who own Monogram-Revell and Revell of Germany have filed for bankruptcy.

now i am the first to admit i know noting of the ins and outs of the bankruptcy proceedings but this doesn't bode well for us modellers i would imagine.

https://www.hobbico.com/company-news.php
retiredyank
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Posted: Tuesday, March 06, 2018 - 08:58 PM UTC
I just picked up Revell's F-15E for $8.50.
Bravo1102
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Posted: Tuesday, March 06, 2018 - 09:46 PM UTC
This is old news. Hobbico is going through troubles and there will be some reorganisation but the major part of their companies that are profitable are Revell-monogram and Revell Germany. They'll likely be sold or spun off, but they're not going anywhere.

Hobbico made some mistakes in other areas not plastic models. The Revells are doing fine thank you very much.

Just the same Hornby is supposedly doing poorly, except for Airfix.
Jmarles
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British Columbia, Canada
Member Since: November 02, 2008
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Posted: Wednesday, March 14, 2018 - 07:49 AM UTC

Quoted Text

i have just been reading on another site that Hobbico who own Monogram-Revell and Revell of Germany have filed for bankruptcy.

now i am the first to admit i know noting of the ins and outs of the bankruptcy proceedings but this doesn't bode well for us modellers i would imagine.

https://www.hobbico.com/company

news.php


Hobbico doesn't own Revell of Germany, they are only the distributor, so it is business as usual except they need to nail down a distributor. Hobbico's assets are up for private auction in late March, with around 190 interested parties entering into confidentiality buying agreements.
VintageRPM
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Member Since: November 28, 2010
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Posted: Wednesday, March 14, 2018 - 10:01 PM UTC



Quoted Text



Hobbico doesn't own Revell of Germany, they are only the distributor, so it is business as usual except they need to nail down a distributor. Hobbico's assets are up for private auction in late March, with around 190 interested parties entering into confidentiality buying agreements.


On the contrary. Hobbico did acquire Revell AG in 2012. Still, the Hobbico bankrupcy does not, at least at this point, have any real effect on either Revell.
wowcool
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Solomon Islands
Member Since: September 26, 2015
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Posted: Saturday, March 24, 2018 - 05:31 AM UTC
Hobbico is trying to auction off Revell and Revell of Germany for some million dollars each. Hobbico owe the model companies Bandai, Hasegawa, Moebius, MRC, and Tamiya thousands of dollars. They also owe Futaba, another R/C company, some 2 million in debt.
sgtreef
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Posted: Saturday, March 24, 2018 - 06:18 PM UTC
Bummer on all of that.

 _GOTOTOP