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Replies(1 - 19)
Butterman1 |
May 14 2005, 02:24 PM
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Besides seeing it on the Bench, I haven't heard that from what I shall say as a "credible" source like Beckett or Tuff Stuff. Hopefully they are because that would lower the number of brands attracting more first time collectors. As was the topic a couple of weeks ago. As far as I know I couldn't name half of fleer's subsets.
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Butterman1 |
May 15 2005, 03:03 PM
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QUOTE(aceecards @ May 15 2005, 01:26 PM) My distributor friend called his senior marketing/sales rep for Fleer at home. He is unemployed as of Friday. He stated the company was filing chapter 7 and would continue operations with minimal staff to distribute products already packaged and planned for release. Other companies ie Topps DLP have backed off from Fleers asking price for a direct buyout so Unless they come down that wont happen. There is still product packaged to be released like Ultra showcase and 3 or 4 others baseball products. Redemptions may or may not be fulfilled depends on the time frame. From my knowledge of Chapter 7 filings. Fleer may try to hold on and spin out of this business slump. But certainly their days as a "major player" look to be numbered. The distributor also said in his humble opinion.. that this may be a really good sign for the industry. With their competitors learning from Fleers mistakes of high end exclusive contracts paid to certain athletes. Maybe as a plus to collectors we will stop getting so many redemptions and GU. Another more underhanded darker plot has my distributor mentioning things like... . dont read if your squeamish... . Unable to certify Autographs!!! eg Some big name stars using Auto pen apparently!! Unable to certify GU as authentic. Fleer got caught and settled behind closed doors with some collector who had proof that their GU cards were not on the up and up from 2001 and on...! I hope that last part is not true Degbowl from the Bench says "I heard from my local shop that fleer was in trouble. I also heard that MLB will limit card companies to 12 different issues per company. That would mean that Topps might have to put Topps Chrome as inserts in their regular packs. All of this is just rumors. You have to wait and see what happens." If what he is saying about 12 issues per company is true then I would be all for it. BUT there has to be some type of guideline against companies splitting just to have more sets. The only problem with this is that Topps might have to make Bowman Chrome an insert in the regular Bowman packs. If Topps was in the right mind they would know not to do that, I view Bowman Chrome as their best product.
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bob_TCC |
May 15 2005, 06:40 PM
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QUOTE(aceecards @ May 15 2005, 02:26 PM) My distributor friend called his senior marketing/sales rep for Fleer at home. He is unemployed as of Friday. He stated the company was filing chapter 7 and would continue operations with minimal staff to distribute products already packaged and planned for release. Other companies ie Topps DLP have backed off from Fleers asking price for a direct buyout so Unless they come down that wont happen. Very interesting... I'll leave the latter part of your info untouched for the time being though. Looking more and more like Fleer is heading the direction of Pacific where, at most, some of the brand names end up with another manufacturer while everything else (cards, office equipment, etc.) gets sold through auctions and liquidation sales. I have mixed feelings on this whole subject, especially since I believe Fleer is the only manufacturer that attempted to maintain a reasonable web presence. That certainly was one of their strong points. -Bob
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meuandthelot |
May 16 2005, 10:03 AM
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Wierd..I had no Idea about this rumor, BUT something is up as they haven't answered their phones, or faxes again today(been trying since last Thurs)
I do agree that Fleer was #1 as far as up to date e-news, checklists & updates in general. As well as donating alot of product to card sites. Only snafu their product had way too many blems, ZERO QC.
FLEER....Please send my 2 M.Prior patches back.
My almost updated trade+ site. Looking for Vintage all sports, and nice pieces from teams below PM/email with any offers. Thank You. Also 1990 Topps, and 2003 old logo. Call someone a dodee buttt in the heat of a debate, banhammer, trying with all your might to pass fakes, or what amounts to fraud..Eh, give em a break, he made a mistake??!!??
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bob_TCC |
May 16 2005, 11:50 AM
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President & CEO
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Looking more and more like the story is true... According to a collector that goes by "Card Lover" on the Beckett boards (thanks to aceecards for the heads up ), this article is in today's Trade Fax by Sports Collector's Digest: FLEER FIRES CARD STAFF, LOOKS FOR FINANCIAL OPTIONS Fleer Trading Cards dismissed its trading card employees Friday, leaving several employees to run the die-cast division and CFO Chris Tobia to look to sell the company in the coming weeks. The company has been dealing with financial shortfalls for several months and last week cancelled plans to attend this weekend's NFL Players Rookie Premiere photo shoot in Los Angeles. Sources told Trade Fax the company had meetings with some of its licensors last week to discuss their financial straits. In addition, sources say one of the company's printers refused to release several upcoming products because of unpaid bills. Current owner Roger Grass and his father, Alex, purchased the company from Marvel Entertainment in 1999. Marvel had purchased Fleer in 1992 and SkyBox in 1995, merging the two companies into Fleer/SkyBox. Fleer was shopped around last year and existing card companies had submitted offers to purchase the manufacturer. Grass opted not to sell and the company invested money in product upgrades and promotional initiatives. Those companies are now left to assess if they would still be interested in purchasing any of Fleer's brand names, including its Fleer Collectibles line of die-cast vehicles that Fleer execs have said has been a profitable line for the company. Also to be decided is whether licensors will look to replace Fleer's brands, particularly in basketball, where Fleer is the league's longest continuous licensee. The NBA would have only two active licensees. Fleer is the industry's second-oldest trading card manufacturer, with sports-card roots dating back to the 1950s. It ha been a continuous licensee of baseball since 1981, football since 1990 and basketball since 1986-87 and was recently a WWE licensee. The company also produced hockey and racing cards within the past decade as well as entertainment cards and a collectible card game. The news reached dealers over the weekend, and they responded with justifiable concerns regarding preorder payments and redemption cards. Within the industry leaders, even those awaiting an overall reduction in brand quantities were hit hard by the news. As one distributor told Trade Fax, "Yes, we've been struggling with a glut in the marketplace, but these were my friends." -End of article Looks to be a legitimate article to me. However, I have e-mails out to 3 Fleer/Skybox distributors and a few other sources to try to confirm separately. One of the distributors already confirmed the general story earlier today, so we'll see if I get any additional details. At this point, it appears that we'll be waiting to see what's going to happen with the Fleer brands, outstanding redemptions, etc. -Bob
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