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Update on Griffon Enterprises/Grand Toys (Possible Bankruptcy)Comments • Update on Griffon Enterprises/Grand Toys (Possible Bankruptcy)

  • 1pt
    Does anyone know a way to contact Team Genesis? They had the prototype of ITEM #180754, so I want to know if they'll be able to release her via garage kit. I'm really desperate to get hold of her, but it looks like Griffon's truly dead this time
    4 months ago
    5pt
    MillyParis (4 months ago) #37247348I'm very sad about Griffon's lack of response towards their customers and distributors (btw, my other two emails yesterday got ignored.)
    Seriously, thank you for the response. I was expecting a lot of people to say "fuck Griffon idc" but everyone's been so kind.


    They disappeared in the blink of an eye after announcing countless projects. Something happened quickly which was probably due to a failure of an element that brought them back temporarily on the market for a short period of time.

    I think the frustration with Griffon is mainly a thing of the past. Frustrated customers are now somewhere else and the only remaining people interested in their whereabouts are individuals that were/are still interested in a few of their new offerings.
    4 months ago
    5pt
    Redliger (4 months ago) #37223274Thank you for doing all the leg for everyone here on MFC. We really appreciate it!railas (4 months ago) #37229345Wow, quite the sleuthing you've done! I'm sad to hear that griffon seems like it is dead or dying...I loved their Rozen Maiden line.Clozdark (4 months ago) #37230129I will missing out those never come figureschunnin33 (4 months ago) #37238099Because of all this going on it will now cost me an extra $120 minimum when I eventually buy it thanks to new taxation >_>sailormatlac (4 months ago) #37247013Thanks for the follow up. Griffon's disappearance after a short and mysterious return always puzzled me. The extent of abandoned accounts, websites, communication channels and no participation to industry events are indeed indicating this company is now an empty shell.
    I wouldn't be surprised it's the case. The world or railroads (particularly in North America) is full of "defunct" companies still alive on paper, including many that didn't provide any service or have no employee since the late 19th century. These business structures were far too complicated to bother terminating them due to legal procedures so they live up to this day, hidden behind larger corporate entities. They do no harm, cost nothing to keep alive and can be useful from time to time when ones need an entity for tax credits and other such things.
    My only complain would be that Griffon should have notified its distributors and retailers the projects were officially terminated. I'm wondering how long AmiAmi will keep pushing fake release dates! I can foresee them doing that well into the 2020s at this rate! ;-)
    That said, as much as I had a love/hate relation with that company, I wish their designs could have been transferred to another company...


    Thank you everyone for your kind words. If anyone has other leads, I will gladly try and follow them.

    I'm very sad about Griffon's lack of response towards their customers and distributors (btw, my other two emails yesterday got ignored.)

    Seriously, thank you for the response. I was expecting a lot of people to say "fuck Griffon idc" but everyone's been so kind.
    4 months ago
    4pt
    Thanks for the follow up. Griffon's disappearance after a short and mysterious return always puzzled me. The extent of abandoned accounts, websites, communication channels and no participation to industry events are indeed indicating this company is now an empty shell.

    victorviper (4 months ago) #37215318Such a company could have some cash on hand or at least an available line of credit on hand, and the executives figure "why not keep drawing a salary until the cash/line of credit runs out". After all, once bankruptcy is declared I assume that under Japanese law, it's a mad scramble for the creditors to pick over the carcass just like anywhere else.

    I wouldn't be surprised it's the case. The world or railroads (particularly in North America) is full of "defunct" companies still alive on paper, including many that didn't provide any service or have no employee since the late 19th century. These business structures were far too complicated to bother terminating them due to legal procedures so they live up to this day, hidden behind larger corporate entities. They do no harm, cost nothing to keep alive and can be useful from time to time when ones need an entity for tax credits and other such things.

    My only complain would be that Griffon should have notified its distributors and retailers the projects were officially terminated. I'm wondering how long AmiAmi will keep pushing fake release dates! I can foresee them doing that well into the 2020s at this rate! ;-)

    That said, as much as I had a love/hate relation with that company, I wish their designs could have been transferred to another company...
    4 months ago
    2pt
    Because of all this going on it will now cost me an extra $120 minimum when I eventually buy it thanks to new taxation >_>
    4 months ago
    3pt
    I will missing out those never come figures
    4 months ago
    4pt
    Wow, quite the sleuthing you've done! I'm sad to hear that griffon seems like it is dead or dying...I loved their Rozen Maiden line.
    4 months ago
    23pt
    Redliger I paint GKs
    Thank you for doing all the leg for everyone here on MFC. We really appreciate it!
    4 months ago
    12pt
    tachola loves you!!
    rip griffon. ur touhou paintjobs + sculpts were (mostly) boring and awful, but u were dedicated in trying to fill in an entire cast of zun lolis. ill miss you and ur nameplate bases
    4 months ago
    1pt
    victorviper (4 months ago) #37215318Wow, that's more detective work than I'm used to seeing in the typical MFC blog post :).
    I won't claim to understand the nuances of bankruptcy laws, particularly foreign ones, but I can imagine various reasons why a company on the verge of bankruptcy would continue to operate at least in name when they have no chance of ever resuming business as usual.
    Such a company could have some cash on hand or at least an available line of credit on hand, and the executives figure "why not keep drawing a salary until the cash/line of credit runs out". After all, once bankruptcy is declared I assume that under Japanese law, it's a mad scramble for the creditors to pick over the carcass just like anywhere else.
    Or, if such a company had almost no day to day operating costs (couple employees+an office), they could stay solvent at least on paper for a long, long time by never purchasing materials or entering any contracts. One or two employees bide their time and wait for some white knight of their dreams to swoop in with some new credit...or not.
    SengokuGensui (4 months ago) #37218222Seeing how much effort you have put into this makes me feel bad with my Ph.D. progression... XDDD
    And yeah it kind of sucks this whole no communication thing.



    Thank you both for the kind words! :) It makes me really happy to see people read my hard work.


    I don't really understand their foreign bankruptcy, but I do know US (grandma works in legal), and JP bankruptcy is a bit different... however, wouldn't be the first time a figure company died.

    I just want some damn answers, and I'm gonna keep trying >_<
    4 months ago
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