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News
Hobbico: Hobbico Files For Bankrupty
litespeed
Staff MemberNews Reporter
AEROSCALE
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England - North West, United Kingdom
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Posted: Thursday, January 11, 2018 - 08:52 AM UTC


Sad news from Hobbico, they have filled for bankruptcy. Among the companies under the Hobbico umbrella are Revell-Monogram company in the United States, and Revell of Germany in Europe

Read the Full News Story

If you have comments or questions please post them here.

Thanks!
Me109G10
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Baden-Württemberg, Germany
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Posted: Thursday, January 11, 2018 - 10:33 AM UTC
ok, so for clarification: Revell Germany belongs to Hobbico? That is new to me. Here in germany Revell sells good. Dont get what would be wrong here with Revell.
Me109G10
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Posted: Thursday, January 11, 2018 - 10:41 AM UTC
So what does that mean for Revell? I mean would the company disappear at worst or just the owner change if sold?
litespeed
Staff MemberNews Reporter
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England - North West, United Kingdom
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Posted: Thursday, January 11, 2018 - 10:46 AM UTC

Quoted Text

ok, so for clarification: Revell Germany belongs to Hobbico? That is new to me. Here in germany Revell sells good. Dont get what would be wrong here with Revell.



I thought Hobbico acquired Revell Germany in 2012.

On the Revell community page the question was asked:

‎Nils Steyaert‎ to Revell
hello,
will the recent bankrupcy of Hobbico have any impact on the availability of Revell products in Europe?

Revell Hello Nils,
Revell is not part of the Hobbico bankruptcy filing under Chapter 11 and will continue to operate “business as usual” moving forward. There is no impact on the availability of our products.


Hmmmm well we will see. I really hope not.
Merlin
Staff MemberSenior Editor
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#017
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Posted: Thursday, January 11, 2018 - 11:21 AM UTC
Hi Tim

Bad news to ring in the New Year. Looking at Hobbico's huge portfolio, the impact could be severe, certainly in the US market. Hopefully all the brands will live on and prosper, but my thoughts go out to everyone employed directly or otherwise by Hobbico looking at an uncertain future just now.

Another nasty cloud casting a shadow over our hobby is the steep and continuing rise in oil prices. I fear we need to be prepared for a hike in the cost of kits as this is factored in.

All the best

Rowan
bill_c
Staff MemberCampaigns Administrator
MODEL SHIPWRIGHTS
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Posted: Thursday, January 11, 2018 - 11:26 AM UTC
We can only hope that RoG will continue as they make some great airplanes in 32-scale.
staff_Jim
Staff MemberPublisher
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Posted: Thursday, January 11, 2018 - 12:16 PM UTC
These brands may find new owners, but they will go on. Bet on that.
Tallmick
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Australia
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Posted: Thursday, January 11, 2018 - 08:46 PM UTC
Don't you mean Bankruptcy ?
Bravo1102
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Posted: Thursday, January 11, 2018 - 10:39 PM UTC
So the current owners of Hobbico are seeking Chapter 11 protection from creditors while they seek to reorganize and transfer ownership of the company.

This could lead to splitting up the companies under the Hobbico umbrella and Hobbico going away, or just a new owning company. This could have little to nothing to do with plastic models. It could be all about the trains and R/C with the models being the profitable side of the business. From all I've seen Revell in both it's incarnations is healthy so they're not going away. Reorganized, but not going away.
SgtRam
Staff MemberEditor-in-Chief
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Posted: Thursday, January 11, 2018 - 11:57 PM UTC

Quoted Text

ok, so for clarification: Revell Germany belongs to Hobbico? That is new to me. Here in germany Revell sells good. Dont get what would be wrong here with Revell.



One thing to note here, there are two Revell companies. There is a Revell Germany and Revell USA, they are both seperate companies.
Bravo1102
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New Jersey, United States
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Posted: Friday, January 12, 2018 - 01:43 AM UTC

Quoted Text


Quoted Text

ok, so for clarification: Revell Germany belongs to Hobbico? That is new to me. Here in germany Revell sells good. Dont get what would be wrong here with Revell.



One thing to note here, there are two Revell companies. There is a Revell Germany and Revell USA, they are both seperate companies.


Hobbico owns both of them. They work together and release each others' kits a lot. Revell-Monogram does a lot of the distribution of Revell of Germany in the USA. Revell of Germany is in fact in charge of molding a lot of the kits for Revell-Monogram. If you see a Revell-Monogram kit that is molded in Poland-- that's a plant run by Revell Germany. They share a lot like sisters.
And it's not really Revell USA, it's Revell-Monogram.

Since Round 2 practically owns every other US model label (Lindberg, AMT, MPC) maybe they'll buy Revell-Monogram.

That might be the only way we'd ever see the Revell M56 Scorpion or Monogram Weasel ever again or maybe some of the other Aurora molds that Monogram owned that have never seen the light of day (1/600 scale ships, 1/48 armor) yeah, some of us are into vintage kits.

I would build the ancient Aurora 1/48 Panther A/G hybrid just like I'm doing all the re-issued Monogram armor.
Kevlar06
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Posted: Friday, January 12, 2018 - 03:24 AM UTC
Just to be a little more precise, Revell ceased to exist when they were purchased by Monogram Models in the 1980s, and was moved to Morton Grove Illinois, the home of Monogram. Later they would move again to Elk Grove Illinois where they are currently located. The also have many of the old Aurora molds, which are occasionally reboxed under the Revell or Monogram labels. Monogram dropped the Monogram title, since the Revell name was more widely known worldwide, but occasionally makes limited releases in the Monogram name. Many of the old Monogram kits have been released under the Revell and Revell AG label. I remember when Hobbico put many other distributors out of business a few years ago when they acquired the rights to Monogram-Revell, Italeri and Hasegawa. I was working in a LHS then, and "the Big Seven" distributors got together to corner the hobby market in the US, cutting out several of the smaller distributors. Looks like the plan didn't work out.
VR, Russ
wowcool
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Solomon Islands
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Posted: Friday, January 12, 2018 - 04:24 AM UTC
Only real scenario unless Revell becomes independent: companies will be passing ownership of the brand around for a good deal of its existence until the market for model kits in the western world dries up.

Whoever gets hold of the Revell brand is granted easy passage into the EU market.
litespeed
Staff MemberNews Reporter
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Posted: Friday, January 12, 2018 - 04:36 AM UTC

Quoted Text

Don't you mean Bankruptcy ?



I did mike, I was distraught at the time
SgtRam
Staff MemberEditor-in-Chief
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#197
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Posted: Friday, January 12, 2018 - 10:03 AM UTC
I have heard that Revell of Germany has put out a statement stating they are seperate company, and it is business as usual.
litespeed
Staff MemberNews Reporter
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Posted: Friday, January 12, 2018 - 10:40 AM UTC

Quoted Text

I have heard that Revell of Germany has put out a statement stating they are separate company, and it is business as usual.



You might have read it here on Aeroscale Kevin. Revell Germany said as much in answer to a question on their community page:

Nils Steyaert‎ to Revell
"hello,
will the recent bankrupcy of Hobbico have any impact on the availability of Revell products in Europe?"

"Revell is not part of the Hobbico bankruptcy filing under Chapter 11 and will continue to operate “business as usual” moving forward. There is no impact on the availability of our products".
Kevlar06
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Washington, United States
Joined: March 15, 2009
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Posted: Friday, January 12, 2018 - 01:36 PM UTC

Quoted Text


Quoted Text

I have heard that Revell of Germany has put out a statement stating they are separate company, and it is business as usual.



You might have read it here on Aeroscale Kevin. Revell Germany said as much in answer to a question on their community page:

Nils Steyaert‎ to Revell
"hello,
will the recent bankrupcy of Hobbico have any impact on the availability of Revell products in Europe?"

"Revell is not part of the Hobbico bankruptcy filing under Chapter 11 and will continue to operate “business as usual” moving forward. There is no impact on the availability of our products".



I think all this remains to be seen, at least for those of us in the States, because Hobbico is the main US wholesale distributor for Revell AG (Revell Germany) on this side of the pond (for many LHS too), although there are others who may see this as a great opportunity to "fill the void" so to speak. I'm thinking of Sprue Brothers (Douglas Models) which has been around since before WWII, and used to also be Great Models--and was cut out of the original hobby reorganization by Hobbico a few year ago. There's also Stevens International, Merit, and some others. Sprue Brothers has been the most active in expanding though. and, "Bankruptcy" doesn't necessarily mean the same as "out of business", so Hobbico may be back too. So I guess we'll just have to wait and see.
VR, Russ
bill_c
Staff MemberCampaigns Administrator
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Posted: Monday, January 15, 2018 - 04:27 AM UTC
This press release for RoG says nothing will change for them. Time will tell.
Iraqiwildman
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Missouri, United States
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Posted: Monday, January 15, 2018 - 07:37 AM UTC
Luckily it is a Chapter 11 bankruptcy, not a Chapter 7 when a company usually closes up.