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HobbiCo / Great Planes / Tower Hobbies

calcagno45 said:
Yes but not pay, and not janitors.
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I don't know if HobbiCo or Horizon chose the people, but finance and management is listed. Yeah I'd let them stay at the failing company since they already drove it into the ground. I wouldn't want that for my company.

And for a "nobody" like a graphic designer to be kept is just odd.
 
Ditchrat said:
What an absolute shit show.

So what redundant RC models are getting cut?

Ascender or scx10 or SCX10ii
Yeti or twin hammer
ect, ect

It kind of sucks to look at loosing options even if you didn't buy any of them.

Buy hey maybe Tower will have a full line of horizon products, and vendors that left Tower under the bankruptcy will return. Considering some have signed up with horizon.

If that easy pay remains and towers selection increases that would be a win for me.

At this point I have to say it sucks to be Traxxas, having your competitions consolidate.
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They can carry similar models. They aren’t going to cut them unless they don’t sell. They are a for profit company after all. They sell TLR & Associated now without issue. No reason to not sell the Ascender and SCX10’s. And the twin Hammers vs Yeti, they aren’t even in the same class.

As for Traxxas, Horizon/Hobbico is small time compared to them. I’m sure they are working on other ways to sell their products too besides in small town hobby shops. There’s a reason they are the biggest company in rc.
 
JatoTheRipper said:
...And for a "nobody" like a graphic designer to be kept is just odd.
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Good graphic designers aren't always easy to come by. They make the packaging, magazine spreads, branding, websites, posters, manuals, signage, hell, the whole corporate identity comes down to a graphic designer. Maybe this guy's really good. Calling him a "nobody" when you know nothing about the man isn't really doing anyone a service. Must be some reason that Horizon wants him.
 
Tossedman said:
Good graphic designers aren't always easy to come by. They make the packaging, magazine spreads, branding, websites, posters, manuals, signage, hell, the whole corporate identity comes down to a graphic designer. Maybe this guy's really good. Calling him a "nobody" when you know nothing about the man isn't really doing anyone a service. Must be some reason that Horizon wants him.
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I put "nobody" in parentheses for a reason. I wasn't directing it at the person, but rather the position. Graphic designers are a dime a dozen.
 
My guess is that is the team that was determined to be "necessary" to maintain operations during the transition. You need a few legacy people who know what the hell is going on, including a manager. I don't see anything odd here, even their finance/accounting person. That person runs the books. They're not the one that makes the bad business decisions. Those people near the top of the food chain don't appear to be getting a job offer.
 
Jim85IROC said:
My guess is that is the team that was determined to be "necessary" to maintain operations during the transition. You need a few legacy people who know what the hell is going on, including a manager. I don't see anything odd here, even their finance/accounting person. That person runs the books. They're not the one that makes the bad business decisions. Those people near the top of the food chain don't appear to be getting a job offer.
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I've been through a couple of company sales in my time. Typically, the AP/R people have the longest shelf life in the transition for the simple fact that most companies don't run the same accounting/operations software, so you need some people to make sense of all that. They kept the systems guy on as well, likely for the same reason.
 
JatoTheRipper said:
I've been saying that I think Arrma will die after HobbiCo is gone. I honestly have a hard time seeing why any company would want to keep them alive. They don't offer much different, they are a new company, and then there's the lawsuit on top of it.
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As for being much different, no, not really. However, the OEM'd Hobbywing electronics and an extremely durable platform have given them a huge following in the basher community over the past couple of years. They are consistently raved about as the best bang for the buck 8th scale bashers on the market (Kraton, Outcast, Talion, Senton, Typhon).

The NERO platform is what primarily got them into hot water with Traxxas and while it has a decent following, it's not nearly as reputable as the others I listed. I could see it never coming back as well as their 10th scale stuff being dropped completely. Their 10th scale stuff likely has very little market share in a hugely crowded market to begin with. Not that it's not decent, just not a standout like their 8th scale vehicles.
 
skellyo said:
As for being much different, no, not really. However, the OEM'd Hobbywing electronics and an extremely durable platform have given them a huge following in the basher community over the past couple of years. They are consistently raved about as the best bang for the buck 8th scale bashers on the market (Kraton, Outcast, Talion, Senton, Typhon).

The NERO platform is what primarily got them into hot water with Traxxas and while it has a decent following, it's not nearly as reputable as the others I listed. I could see it never coming back as well as their 10th scale stuff being dropped completely. Their 10th scale stuff likely has very little market share in a hugely crowded market to begin with. Not that it's not decent, just not a standout like their 8th scale vehicles.
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This conversation has gone down several times. He just hates ARRMA.

I hope they keep the brand going. Their 8th scale stuff is awesome. I've owned my Outcast for a year. I beat the snot out of it and the only thing to break is a piece of the RPM front bumper when I clipped a rock.
 
rm25x said:
They can carry similar models. They aren’t going to cut them unless they don’t sell. They are a for profit company after all. They sell TLR & Associated now without issue. No reason to not sell the Ascender and SCX10’s. And the twin Hammers vs Yeti, they aren’t even in the same class.

As for Traxxas, Horizon/Hobbico is small time compared to them. I’m sure they are working on other ways to sell their products too besides in small town hobby shops. There’s a reason they are the biggest company in rc.
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Actually Traxxas is small fry. Hobbico was turning over nearly $300,000,000 in 2017. Traxxas is big in the US, Hobbico was a global business. Somehow it was so poorly run that they couldn't make a profit from that.

I don't know why people think Horizon will cut models or anything else like that. So long as there's a market and those products sell, they'll make them. Tower may either go or get rebranded because that truly is a redundant service now.
 
mond said:
Actually Traxxas is small fry. Hobbico was turning over nearly $300,000,000 in 2017. Traxxas is big in the US, Hobbico was a global business. Somehow it was so poorly run that they couldn't make a profit from that.

I don't know why people think Horizon will cut models or anything else like that. So long as there's a market and those products sell, they'll make them. Tower may either go or get rebranded because that truly is a redundant service now.
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Man, where are you getting $300mil from? 2017 numbers were posted in BK documents and were far from that.
 
GM felt obligated to file an objection to the sale as far as transferring licensing to Horizon without notice or vetting...
 
Looks like the Judge signed off on the sale to Horizon tho. Haven’t had a chance to read thru the legalese.
 
Hobbico employees now need to apply online for a job at Horizon.

CHAMPAIGN — A bankruptcy court judge approved Horizon Hobby's $18.8 million purchase of Hobbico's remote-control business Monday, which means Hobbico employees must reapply for their jobs at Horizon before the purchase is completed Friday.

Hobbico's more than 300 employees were made aware of this possibility last week, after Horizon was the lone bidder in a bankruptcy auction for Hobbico, which filed for Chapter 11 protection in January with the goal of finding a new buyer.

"As mentioned in yesterday's Town Hall Meetings, Hobbico employees who are interested in being considered to work at Horizon Hobby are required to apply online," Hobbico human resources manager Megan Huppert wrote Friday in an email obtained by The News-Gazette.
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Bankruptcy judge OKs Horizon's purchase of Hobbico's RC business | News-Gazette.com
 
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