All Good Things
All Good Things
I have been hoping against all hope that 21st will pull it out and taking some of the reports as second hand …but I was at Mich Toy Soldier and the official news from their rep was “Yesterday 21st Century Toys declared bankruptcy." He had a ½ sheet of paper with what’s left in stock and advised them to best order what they can now, its all over.
Last edited by Yoxford on Sun Apr 12, 2009 5:03 am, edited 1 time in total.
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That's disappointing news for sure, but not entirely unexpected when you think about it.... The Monkey Depot fire sale should have given us at least a clue of where 21st was headed as a company. I suppose there is always some hope they will be reincarnated in some form or other when economic conditions are favorable for it. If there is a bright side to this, the 21st stuff that is is now in the hands of collectors will likely grow in value to some extent as time goes by.
Last edited by ostketten on Sun Apr 12, 2009 5:16 am, edited 1 time in total.
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Just 2?pickelhaube wrote: I for one supported them the only way I could .To buys as much 21st as I could. I did my best to buy at least 2 of everything they made.
I think you single-handedly prolonged their life by at least a couple years
21st will be missed. But give them a couple years to get their act together and they could very well be back. Or someone (ideally with a better business plan) will step in and fill their shoes.
Verraten und verkauft,
zu lange vertröstet zu lange belogen
Verraten und verkauft,
Durch den Dreck und über den Tisch gezogen.
H.R.K 1993
zu lange vertröstet zu lange belogen
Verraten und verkauft,
Durch den Dreck und über den Tisch gezogen.
H.R.K 1993
if it were chapter 11, i'm sure that would have been mentioned. So, i think this is full blown, out of business bankruptcy.
The problem is, once they declare it, all their assets become property of their creditors. So molds etc, no longer belong to 21c. So it will be hard for them to come back. It will be starting from scratch again, although with the benefit of experience.
I guess the positive side to that is that the molds may get sold to someone who may actually use them.
The problem is, once they declare it, all their assets become property of their creditors. So molds etc, no longer belong to 21c. So it will be hard for them to come back. It will be starting from scratch again, although with the benefit of experience.
I guess the positive side to that is that the molds may get sold to someone who may actually use them.
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* Farewell 21st.Century Toys
* I knew this was going to happen eventually.
.......... Farewell 21st.Century Toys
....... you had brought me happiness and despair.
->>>-----------> Rest In Peace
Mitch v MG
.......... Farewell 21st.Century Toys
....... you had brought me happiness and despair.
->>>-----------> Rest In Peace
Mitch v MG
" I love it , God help me ,.. I do love it so". * * * * PATTON * * * *
* In memory of ram04 - 7/15/12 *
* In memory of ram04 - 7/15/12 *
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Greetings
Have to agree with Tmanthegreat, although I am sad to see them go and the stuff they made was awesome, there were too many quality control problems and other garbage that went on for them to have a successful business. Their actions and quality was inconsistent, it was either great or it was horrendous.
If they do come back I hope they realize they have to pay attention to quality control and you can't rely fully on repaints to make money and support the business. You have to offer new products, stick to deadlines and produce what consumers want.
Have to agree with Tmanthegreat, although I am sad to see them go and the stuff they made was awesome, there were too many quality control problems and other garbage that went on for them to have a successful business. Their actions and quality was inconsistent, it was either great or it was horrendous.
If they do come back I hope they realize they have to pay attention to quality control and you can't rely fully on repaints to make money and support the business. You have to offer new products, stick to deadlines and produce what consumers want.
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This news is just really disappointing and frustrating. I knew it was coming, but it still hurts. From a personal standpoint, its one thing to leave a hobby because you've grown tired of it, lost interest, or found something else, but when a hobby that you are still interested in dies out from under you, well its a bit harder to deal with.
I know that there are still other manufacturers, but with the death of 21C, the major driving force in the hobby is gone. I'll enjoy what I have, but it's going to be tough knowing that new stuff from the other companys are going to be few and far between. And that's if the scale itself survives.
I know that there are still other manufacturers, but with the death of 21C, the major driving force in the hobby is gone. I'll enjoy what I have, but it's going to be tough knowing that new stuff from the other companys are going to be few and far between. And that's if the scale itself survives.
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Saw a post about this on the International Toys Network website but the link to the N Ca. Bankruptcy court listing does not show anything????
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no shock I guess, and other companies will hopefully pick up some slack, or we'll at least save a little cash in the interim. I'm really hoping FOV puts out a series of German and U.S. para's right now. Good stuff from them!
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I really hope they do, all the fov ww2 figs & vehicles have dried up down here.Jesse James wrote: I'm really hoping FOV puts out a series of German and U.S. para's right now. Good stuff from them!
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