fronobulax
Bassist, GAD and the Hot Mess Mods
- Joined
- May 3, 2007
- Messages
- 24,781
- Reaction score
- 8,909
- Location
- Central Virginia, USA
- Guild Total
- 5
If sales were good, then FMIC would not have sold them off.
To veer, sources that I believe, and I believe had access to the information they reported, claimed that Guild production at New Hartford was profitable, the operations at the entire facility across all brand lines was less profitable, the decision to close the factory was based upon the venture capitalist's requirement for a higher return on capital than the operating factory was generating and the decision to sell the brands was made because doing so was a better fit with the venture capitalist's vision of a "lean and mean and focused" FMIC.
So in a world of "what if" I think the ownership of FMIC was a much greater factor in the decision to close the plant and sell the brands and increased sales probably would not have changed things. IMO. YMMV.