ryansheehan
Well-known member
- Joined
- Jun 1, 2015
- Messages
- 2,542
Long list of brands associated with Vista and this sale. I didn't realize bushnell and Remington were with them as well.SVP is gonna run up debt and let it burn to the ground. Thats what they do. RIP Simms.
Yeah ask the Remington fans how they feel about them.Long list of brands associated with Vista and this sale. I didn't realize bushnell and Remington were with them as well.
Remington ammunition is owned by Vista outdoors, as well as CCi and Federal ammunition. I don't believe Rem Arms is owned by Vista. I think it is owned by the CEO that ran them into the ground.
Yeah the different branches of Remington got all split up when they were litigated into bankrupcy by the hook families with the help of our uncle sam. I dont believe they have been one entity since then just several pieces of the old company still carrying the name
It is never good news for high quality outdoor companies once private equity firms get involved.SVP is gonna run up debt and let it burn to the ground. Thats what they do. RIP Simms.
That’s not actually what they do. Quite the opposite actually. If they run up debt and burn it to the ground they will make no money and will lose money. What they hope to do is build the company up and then resell at a higher value. This is how they get investors, not by burning things to the ground. The fact the Simms sold out to a private equity just shows you the Simms was dead or dying on the vine already and needed rescuing. SVP obviously feels Simms can by made profitable.SVP is gonna run up debt and let it burn to the ground. Thats what they do. RIP Simms.
There are so many articles available online to read about how these equity firms work.That’s not actually what they do. Quite the opposite actually. If they run up debt and burn it to the ground they will make no money and will lose money. What they hope to do is build the company up and then resell at a higher value. This is how they get investors, not by burning things to the ground. The fact the Simms sold out to a private equity just shows you the Simms was dead or dying on the vine already and needed rescuing. SVP obviously feels Simms can by made profitable.
It's rarely good news for any domestic company once private equity gets involved. PE playbook -- cuts costs, offshore jobs, grow profit margin, sell off at a multiple, take their payouts, and leave the rest behind for those who are left to figure out. There's no care for quality or for the remaining employees.It is never good news for high quality outdoor companies once private equity firms get involved.
This is mostly true. Fact is Simms was peddling junk at inflated prices for a number of years. They cut costs and quality where they could to squeeze as much profit out of the company as they could before selling. Simms knew exactly what they were doing. So what’s actually best for employees is that PE bought the company and will now resurrect it better off than it was left to them. Surely not the best case scenario for employees or quality but it’s better than Simms running itself completely out of existence. It’s now up to Simms employees to see the writing on the wall and make a career change.It's rarely good news for any domestic company once private equity gets involved. PE playbook -- cuts costs, offshore jobs, grow profit margin, sell off at a multiple, take their payouts, and leave the rest behind for those who are left to figure out. There's no care for quality or for the remaining employees.