Large Scale Central

It is official, Märklin has declared insolvency

Tim Brien said:
Ron, almost all the American outline promised bt Schoentag in 2007 has been reissued as new items for 2009. No doubt that they are in the pipeline coming to a Walthers store near you.
Wouldn't hold my breath if I were you!

JJ,
definate words of wisdom, unless one is able to hold one’s breath for a very long time (like eternity).

I think we finally agree on something Tim!

It’s really hard for me to believe that we won’t see LGB stock back in the stores in some form or other. As I understand it, the major cost of producing models is in the research, design and construction of the molds and the tooling for metal parts. LGB made a lot of stuff and if Marklin fails those molds will be bought by somebody. Might take many years though

If I were Aristo or USAT or Bachmann I’d be looking into it…

mike omalley said:
It's really hard for me to believe that we won't see LGB stock back in the stores in some form or other. As I understand it, the major cost of producing models is in the research, design and construction of the molds and the tooling for metal parts. LGB made a lot of stuff and if Marklin fails those molds will be bought by somebody. Might take many years though

If I were Aristo or USAT or Bachmann I’d be looking into it…


Interesting thought. If, and it’s a big if, the company did completely fold where would the tooling wind up? both USA and Aristo have similar products already. But Bachmann could do well to capture more market with modern rolling stock…It would be a major departure in scale and subject for Bachmann. The concept is well proven with Piko using old MDC tooling and USA using old Lionel tooling (For which I am most grateful, loved the old Lionel ore cars).

I will not be holding my breath either…need to decide which way to go, USA or Aristo.

Bit by bit the true story is trickling out. But it isn’t Goldman-Sachs that looks really bad, it is Kingsbridge and the Hardt-Group. :frowning: :frowning:

HJ,
the old saying “make hay while the sun shines” seems very apt. I like this bit - Google translation - “Documents, which the FTD is present, obtain above all an impression: With Märklin were modern robbery knights at the work. " The enterprise was obviously from the beginning konfiguriert” as self-service shop; , says one…"

 Normally,  an investment company would put a couple of years work in before raping a company for its worth.  Must have gotten itchy feet as they saw their cash cow running low on milk -  sucked it dry each year.  Let us hope that Pluta is a better administrator than the other fellow at that other insolvency proceedings.
Hans-Joerg Mueller said:
[url=http://www.ftd.de/unternehmen/industrie/:Agenda-M%E4rklin-Der-gro%DFe-Eisenbahnraub/475799.html?p=1]Bit by bit the true story is trickling out.[/url] But it isn't Goldman-Sachs that looks really bad, it is Kingsbridge and the Hardt-Group. :( :(
That might be true if it wasn't for the fact that Goldman Sachs was the "bully" that made it all happen for Kingsbridge and the Hardt Group. Goldman tied the real estate debt to every potential buyer except Kingsbridge's Märklin. As far as I know G. S. is still stuck with the land and buliding.

It gets better!

http://www.spiegel.de/wirtschaft/0,1518,608381,00.html

Jack Barton said:
Hans-Joerg Mueller said:
[url=http://www.ftd.de/unternehmen/industrie/:Agenda-M%E4rklin-Der-gro%DFe-Eisenbahnraub/475799.html?p=1]Bit by bit the true story is trickling out.[/url] But it isn't Goldman-Sachs that looks really bad, it is Kingsbridge and the Hardt-Group. :( :(
That might be true if it wasn't for the fact that Goldman Sachs was the "bully" that made it all happen for Kingsbridge and the Hardt Group. Goldman tied the real estate debt to every potential buyer except Kingsbridge's Märklin. As far as I know G. S. is still stuck with the land and buliding.
And there was a very good reason for that, if one considered the various bidders at the various stages, wasn't there? The M.O. i.e. the machinations seem quite familiar, it's just the scale that is different.

PS What Spiegel reports isn’t surprising either, months ago there was a report that Märklin demanded repayment of consulting fees from Alix, the interesting part on that was: no follow-up.

CAUTION! High speed rotation causes dizziness!

Jack Barton said:
CAUTION! High speed rotation causes dizziness!
That's what I told you a long time ago, you should get a governor for your "Ventilator" actions.

BTW I can easily understand why you wouldn’t like having the similarities of the M.O. pointed out. As I said just a matter of scale, as is the fact that ft.de dug a lot deeper to get at the background … just a matter of scale! :wink: :slight_smile:

The title of the other article on FTD’s website pretty much sums it all up perfectly-
Märklin - Der große Eisenbahnraub (Märklin- The great Train Robbery)
I guess Kingsbridge and Goldman Sachs weren’t the “Saviors” that some folks on this forum claimed they were, eh?

Maybe it’s time for a “Mission to SAVE Märklin”!

John Joseph Sauer said:
The title of the other article on FTD’s website pretty much sums it all up perfectly- Märklin - Der große Eisenbahnraub (Märklin- The great Train Robbery) I guess Kingsbridge and Goldman Sachs weren’t the “Saviors” that some folks on this forum claimed they were, eh? Maybe it’s time for a “Mission to SAVE Märklin”!

Marvin, Who exactly claimed that G-S or Kingsbridge are “Saviors”?

(http:///F-PIX/LargeStatement_s.jpg)

And the reasons are: a) Märklin having plenty of manufacturing experience b) Kingsbridge/Goldman-Sachs having plenty of resources c) and last but not least: “ABC” (“Anybody But the old Clique”) this applies just to the EPL segment!

Shouting a lie doesn’t make it any truer!

Jack,

The large print is just a concession to those who can’t read/comprehend/grasp if it’s in the standard font size. :wink: As far as I’m concerned it is still “ABC” and it has nothing to do with lying. Like it or not! Let them be consultants! :lol:

Jack,

Some folks just can’t admit when they’re wronge.
As far as the “Savior” thing goes I don’t recall specifically saying it was Herr Mueller who said it but as they say “If the shoe fits…”

John Joseph Sauer said:
Jack,

Some folks just can’t admit when they’re wronge.
As far as the “Savior” thing goes I don’t recall specifically saying it was Herr Mueller who said it but as they say “If the shoe fits…”


That’s exactly it, the shoe doesn’t fit, that’s why I would like to know who was talking about “savior”. :smiley:

HJ said:
And the reasons are:

a) Märklin having plenty of manufacturing experience

b) Kingsbridge/Goldman-Sachs having plenty of resources

c) and last but not least: “ABC” (“Anybody But the old Clique”) this applies just to the EPL segment!


those reasons are as valid today as they were in 2007, but as is often the case it isn’t necessarily the resources per se, but how those resources are applied and used. But even that is nothing new, after all EP Lehmann Patentwerk oHG was a thriving business that fell on hard times for very similar reasons. the difference in the M.O. is just the scale, other than that the similarities are astounding! Right down to the trigger that made the banks decline the credit extension!

John,

I can’t think of a thing Märklin has done for LGB that Lehmann couldn’t have done for less. Several months ago I contacted Newqida and shipped them my scale Scheba RhB flat car. I figure they will be out with their version nearly the same time that Märklin’s model makes it to the rail. That would be the only new piece that the “M” Mob is even close to providing the RhB fans. The rest of the so called new items were well on the way before Märklin was bought up by the bankers.

Jack Barton said:
John,

I can’t think of a thing Märklin has done for LGB that Lehmann couldn’t have done for less. Several months ago I contacted Newqida and shipped them my scale Scheba RhB flat car. I figure they will be out with their version nearly the same time that Märklin’s model makes it to the rail. That would be the only new piece that the “M” Mob is even close to providing the RhB fans. The rest of the so called new items were well on the way before Märklin was bought up by the bankers.


I’m sure Herr Schurer will be grateful, a little “extra help” is a wonderful thing especially if it’s provided to the plagiarists. Are you starting a new Kollektion?

I can think of several things that Märklin has done that EPL didn’t manage. Just think of all the Kollektor’s items they struck from the line! :stuck_out_tongue: :smiley: Must have been some real low cost project, showing good results!