HPI Europe News

Emails and phone calls have been pouring in. Yesterday, HPI Europe posted this on their website-

“The affairs, business and property of Hobby Products International Europe Limited are being managed by Eddie Williams and Nick Wood, appointed as Joint Administrators on 14 January 2016.

The Joint Administrators act as agent of the company without personal liability.

Eddie Williams is authorised by the ICAEW to act as an insolvency practitioner and Nick Wood is authorised by the IPA to act as an insolvency practitioner.”

Gut reactions, are of course this does not sound good. It will have a minimal (if any) effect on HPI America. We have heard that HPI Europe may be showing several new products at the Nuremberg Toy Fair that starts about a week from now in Germany. The crew here at BSRC wish the best to everyone HPI Europe and look forward to seeing what they have in store for the hobby in 2016.

We hope to get some sort of official PR from HPI in the near future as things like this tend to be complicated.