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      Ken Miller


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      Posts: 796
      Location: Campbell, CA
      Occupation: Govt. Employee
      Age: 125

      Post #69050, posted on 01-13-2018 GMT-5 hours    
      An "Oh %@#$%" moment for modelers. I first read about it on the Airliner Hobby Model World FB page. Apparently Hobbico owns both US Revell and Revell Germany among other things. Googling finds a couple of articles on the bankruptcy including this "datapoint"......

      In its filing with the United States Bankruptcy Court in Delaware, Hobbico said it has an estimated 200 to 999 creditors, $10 to $50 million in assets, and $100 to $500 million in liabilities.

      Fingers crossed for the company as a whole and especially for the Revell brands. Not that Monogram has sold airliner models for years but the Monogram brand is also under Hobbico as part of the former Revell/Monogram link up.

      Hobbico seems like a huge player in the model business and things do not look good for the company right now.

      Ken