dherm360
Verified Trader
If Bal doesnt mind I can post it
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Fleer Going Out of Business?
- Thread starter Clemens9
- Start date
dherm360
Verified Trader
an email that I got from one of the wholesalers I deal with
Fleer is done also as on today...Thanks
Fleer is done also as on today...Thanks
G.I. Joby
Verified Trader
does there website have anything???--kj
I called two shop and they know nothing about it--kj
I called two shop and they know nothing about it--kj
dherm360
Verified Trader
nothing on the website either
dherm360
Verified Trader
It's official now. 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."
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."
G.I. Joby
Verified Trader
Call a local distib. and they said the same thing herm did--kj
chiliwilly
Verified Trader
Two weeks ago I sent these yahoos a Losman auto card for replacement...guess I'm boned there also!
dherm360
Verified Trader
I got 4 more redemptions today from Fleer------5 days turnaround
R
RlottII
Guest
so What do i get my replacement cards or Not...if Not Ill File a Lawsuit...i didnt spend all that money on a box jus to get reamed hell if i wanted to get reamed ida just went to walmart an bought 5 boxes of donruss 05...
Clemens9
Registered Trader
So sounds like most of the rumors were true. The big question now is what happens with redemption cards?
dherm360
Verified Trader
If they fired most of the staff, you would think it would be the customer service workers first i.e. redemption fillers. I sure the stock will turn up in pack just like walmart had last year
R
RlottII
Guest
Still Dont Really Answer Any Questions....Whats Gonna Happen With Replacement Boxes and Redemption Cards Does Anyone Know...?
dherm360
Verified Trader
you wont get them, they will liquidate their inventory to a wholesaler most likely and they will be packaged and put in a Walmart or Target pack
dherm360
Verified Trader
I have 6 outstanding and decent ones too
G.I. Joby
Verified Trader
dherm360 said:you wont get them, they will liquidate their inventory to a wholesaler most likely and they will be packaged and put in a Walmart or Target pack
you mean i have a chance to pull a GOTG auto you need????--kj
R
RlottII
Guest
WOW I Wont Get My Money back that i spent on a the box of National Pastimes...well...Aint that something...If you dont get screwed one way i guess theirs always another huh LOL...
I talked to a dealer today and he said Fleer was suppose to have shut their doors today.
R
RlottII
Guest
Well Thats Just Nice
Im Glad That I Got My Replacements Before They Shut Down...NOT! What a Crock Spend That Much Money On Cards To Get Ripped Out Of My Money...
autobilia said:I talked to a dealer today and he said Fleer was suppose to have shut their doors today.
Im Glad That I Got My Replacements Before They Shut Down...NOT! What a Crock Spend That Much Money On Cards To Get Ripped Out Of My Money...
chiliwilly
Verified Trader
Got my Losman auto back from Fleer just now. They couldn't replace it so they returned it.They also sent a Jake Delhomme auto /100 along with it. Still no word on redemptions though.
