Tower Hobbies Inventory OR Going Out Of Business????

[northerngames]

Several Hobbico affiliates are included in the filing. The affiliates listed in the filing are Revell Inc., Estes-Cox Corp., Axial R/C Inc., Great Planes Model Manufacturing, Inc., Tower Hobbies, Inc., United Model, Inc.

They filed for 100m but actually closer to 500m in debt.

I don't blame who ever they owe and surprised it went that far!

After the way tower did me I could care less about them but hate to see the rest of industry hurting especially revell and Estes.

Sucks for axial because they are rather new and sales were booming.

Tamiya and kyosho are still pumping out models at their plant hobbico just don't have the money to keep everyone stocked because of the accumulated debt.

[atrc]

Horizon hobby bought hobbico and everything attached. Tower hobbies is increasing prices and cutting saving to members and merging.