chrisudy
Well-Known Member
This doesn't look good...
https://www.news-gazette.com/news/local/2018-01-10/hobbico-files-bankruptcy-layoffs-next.html
https://www.news-gazette.com/news/local/2018-01-10/hobbico-files-bankruptcy-layoffs-next.html
That does not sound good. It looks like Hobbico owns Tower Hobbies. I have been ordering things from Tower Hobbies for years.
Besides Tower Hobbies, Hobbico owns Estes/Centuri/Cox, Great Planes, Top Flight, and more...
Millennials, I think we're blaming them for everything now. They're working two part time jobs and a side gig, no time to defend themselves.
What do we blame this on? Cell phones? Video games? Amazon.com? Why are hobbies dying?
The irony of me reading this question on my phone is not lost on me.Baby Boomers are getting old. From my observations, recent at that with the holidays just past I would say cell phones. With 8 grand children in their teens 19 being the oldest I'm better off trying to start a conversation with the family pets. Even my kids, the youngest 29 can't lay the damn phones down for an hour or so. Seemed a little better this year than last though. I don't say a thing about the situation, although I surely would like to.
They even have ads on TV now about having a device free dinner, etc. Unbelievable!!!
Besides Tower Hobbies, Hobbico owns Estes/Centuri/Cox, Great Planes, Top Flight, and more...
What Top Flight are you referring to?
What Top Flight are you referring to?
They make some nice RC airplanes, Monokote covering, etc. not the golf company.
Sent from my iPhone using Rocketry Forum
Top Flite. Spelling is important, here.
Why are hobbies dying?
It's Chapter 11, not Chapter 7. They will get a judge to decide which creditors get paid at a markdown. And sell off portions of the company's assets. They'll reorganize with a subset of brands. So, Estes will be on the auction block, most likely. This isn't the first this has happened.
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