January 10, 2018 / 10:37 PM / 2 years ago

Hobby products giant Hobbico files for bankruptcy protection

Hobbico Inc, one the world’s biggest hobby products companies, filed for bankruptcy protection on Wednesday to press a planned sale after struggling with too much debt and too little in the way of product innovation, according to court documents.

The company also cited a “systemic shift” in the drone market as manufacturers began selling directly to consumers.

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