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August 31, 2006
Airfix come unstuck
Email received last night confirming that, after Heller went into administration a few weeks ago, Humbrol have followed suit. Not a real shock, things have been looking bad for many years. But after the success of the TSR.2 and further developments this year it did look like the lame duck had finally started to exercise its wings once more.
We'll have to see what happens next, but with Heller in worse and worse financial condition, and holding all the moulds (bar a few), they've really got Humbrol by the short and curlies. Without any way of manufacturing Airfix stock, there's nothing to sell. Expect a HUGE surge in eBay selling.
Stories online include:
BBC Online | Sticky future for kitmaker Airfix
thisislondon.co.uk | After 60 years, Airfix finally comes unstuck
The Sun | Model firm is in a fix
Channel 4 News | Future of kids' favourite Airfix in doubt
The Register | Airfix crashes and burns
thisismoney.co.uk | Last flight of Airfix as model firm goes bust
Daily Mail | After 60 years, Airfix finally comes unstuck
this is Hull and East Riding | END OF THE LINE FOR AIRFIX FIRM
Guardian Online | comment is free | Model behaviour
Guardian Unlimited Business | Last year's model: Airfix goes bust
Posted by alan at August 31, 2006 01:17 PM
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