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Posted

Assuming Revell keeps going the 29 roadster is supposed to be out soon and then the 30 Coupe some time after that. I would guess not until well into the second half of the year.

Posted

Who knows with Revell's parent company filing for bankruptcy. Hobbico said they were looking for buyers, but did not say if it was for Revell or the whole company.

Posted
3 hours ago, socal76 said:

Who knows with Revell's parent company filing for bankruptcy. Hobbico said they were looking for buyers, but did not say if it was for Revell or the whole company.

I must of missed that so Revell filed for bankruptcy?

Posted
3 hours ago, slusher said:

I must of missed that so Revell filed for bankruptcy?

In the general subject section, there has been a dedicated thread on this subject for a few weeks now. 

Posted (edited)

Revell did not file for bankruptcy, it was the company that owns Revell that filed for bankruptcy (Hobbico)

Edited by socal76
Posted (edited)
22 minutes ago, Bob Ellis said:

They owe a  ton of money and in Chapter 11 according to the newspaper. Dont wait to buy some kits.

Nevermind...

Edited by OutaFocus
Posted
7 hours ago, Bob Ellis said:

They owe a  ton of money and in Chapter 11 according to the newspaper. Dont wait to buy some kits.

Does that mean they are selling it off? 

Posted
31 minutes ago, slusher said:

Does that mean they are selling it off? 

Until the details of the reorganization are made public, most likely nobody not directly involved will know much.

If a company that has several operating divisions, apparently as Hobbico does, can't meet its financial obligations, it sometimes may have to sell off assets to pay creditors.

IF the Revell and Monogram brands have been operating at a profit, it really shouldn't be too hard to find a buyer...but that's also not necessarily what will happen.

From what I've read though, Hobbico has dug themselves a pretty deep hole, so breaking up the company and selling off the bits may be the only option.

I wouldn't expect to see any capital investment, like re-tooling or tooling something new, come from Revell until the mess is settled.

Unless the repaired / retooled / found / whatever-the-real-story-is tooling for the '30 Ford is done and ready to start squirting out models, don't hold your breath.

Posted
7 minutes ago, Ace-Garageguy said:

Until the details of the reorganization are made public, most likely nobody not directly involved will know much.

If a company that has several operating divisions, apparently as Hobbico does, can't meet its financial obligations, it sometimes may have to sell off assets to pay creditors.

IF the Revell and Monogram brands have been operating at a profit, it really shouldn't be too hard to find a buyer...but that's also not necessarily what will happen.

From what I've read though, Hobbico has dug themselves a pretty deep hole, so breaking up the company and selling off the bits may be the only option.

I wouldn't expect to see any capital investment, like re-tooling or tooling something new, come from Revell until the mess is settled.

Unless the repaired / retooled / found / whatever-the-real-story-is tooling for the '30 Ford is done and ready to start squirting out models, don't hold your breath.

If we get a 30 Ford again great but I would really hate to see Revell and Monogram brand go away. I really appreciate your info...

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