I may give in and buy a couple pounds more of Virginia Flake. Really liking that blend as it ages. Have 6 to 8 pounds now. I have in the range of 10 pounds of HH Pure Virginia, that is enough.
Or, people who realize the long term outlook for pipe tobacco companies isn't promising. Grab the money and get out while the getting is good.I am not fond of Mac Baren or Sutliff but this is sad news, especially for the people potentially losing their jobs. I can't help but reflect on what seems to be younger generations taking the money to live the life rather than perpetuating a multi-generational, proud, family business.
They just took over MacBaren five months ago. It's not like they were dragging around a deadbeat company that was dragging them down. They literally just bought these companies and immediately started killing it off. Why wouldn't they have had a long-term negative outlook back in July?Grab the money and get out while the getting is good.
What I don't understand is how shuttering these entities benefits them. Aren't Sutliff and Mac Baren both highly popular and profitable brands? Wouldn't the acquisition itself have eliminated competition and increased value to shareholders, if that's what they're after?They just took over MacBaren five months ago. It's not like they were dragging around a deadbeat company that was dragging them down. They literally just bought these companies and immediately started killing it off. Why wouldn't they have had a long-term negative outlook back in July?
Basically what it amounts to is that they want to kill off all competition and be the only game in the EU. Basically, they are flipping off all pipesmokers, knowing that in the EU they will soon be the only game in town.
Acquisition is all about extracting profit. It’s not about if the business is profitable, it’s about how much more money they can make above that by milking the brand. If they can acquire it, cut cost substantially by closing factories and streamlining the product offerings to just the most profitable brands, they will make huge amounts of money. It doesn’t matter if product quality plummets and the brand eventually fizzles out. It will take most people awhile to catch on but they will have made their money by then.What I don't understand is how shuttering these entities benefits them. Aren't Sutliff and Mac Baren both highly popular and profitable brands? Wouldn't the acquisition itself have eliminated competition and increased value to shareholders, if that's what they're after?
If what they did to Escudo is any indicator, they'll turn all of the MacB's blends to shit.I’m not sure if that is their plan exactly. One should look at what they have done with acquisitions in the past I suppose.
“the company's strategy to acquire and streamline companies.”
Yes, prevalent perhaps, but not all companies do that.Translation; become more efficient, profitable, and lower quality and character…
What I don't understand is how shuttering these entities benefits them. Aren't Sutliff and Mac Baren both highly popular and profitable brands? Wouldn't the acquisition itself have eliminated competition and increased value to shareholders, if that's what they're after?
Where did you see that about the US facilities? It is not in the article you posted.Yes
Yes
You can check this article tooWhere did you see that about the US facilities? It is not in the article you posted.
Near the end of the article:Where did you see that about the US facilities? It is not in the article you posted.
No official pronouncement from STG, either. I'd caution against overreacting based on a single line from a crudely translated article.Now that I read it again, the article does not say ALL Mac Baren facilities in the US will also be closed.
I was physically there during the announcement. While I'm not authorized to speak about the planned new portfolio strategy etc., this Danish press article is factually correct.No official pronouncement from STG, either. I'd caution against overreacting based on a single line from a crudely translated article.
You have to be authorized? Do you work for STG?While I'm not authorized to speak
You have to be authorized? Do you work for STG?