Add As Buddy
Location: Campbell, CA
Occupation: Govt. Employee
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.