“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.”

“In administration is when a person, ‘the administrator’, is appointed to manage a company’s affairs, business and property for the benefit of the creditors.”

Just over 2 weeks ago, news arrived that “HPI INC. will give the exclusive European distribution rights for HPI and HB products to Neidhart SA in Switzerland” [See Story]

That process appears to have stalled completely…

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