Ken Block Dies

[JR4X]

hes buying it back?

i know greg bought ORW which local flavor of 4wp that he was planning on building to run 4wp out of town.

Yep. As soon as the bankruptcy court judge approves it Greg will become owner of 4WP again. Poison spider is getting sold to ARB. I lost the article with the money figures. It’s a whole mass brand part out. Wheel Pros is in there somewhere.

IIRC it said Greg sold it for 560 million and is buying it back for like 7 million.

 

[ExWrench]

Just read that Hoonigan is bankrupt. That escalated quickly.

Hoonigan Goes Bankrupt

Hoonigan, which is known for its efforts in motorsports, automotive-related merchandise, and automotive media, is going bankrupt.

www.thetruthaboutcars.com

Wheel Pros bought Hoonigan, then rebranded Wheel Pros as "Hoonigan" - fucking disaster move

 

[Sluggy]

JR4X

Hoonigan Signs Asset Purchase Agreement to Divest 4 Wheel Parts’ Retail Stores and Associated E-Commerce Assets to ARB Corporation’s U.S. Affiliate, ORW USA

DENVER, September 08, 2024--Wheel Pros, LLC (d/b/a Hoonigan) or (the, "Company"), a leading provider of high-performance aftermarket vehicle enhancements today announced that it has signed an Asset Purchase Agreement ("APA") to divest its 4 Wheel Parts retail stores, associated e-commerce sites...

finance.yahoo.com

This is the one I read a couple days ago.

 

[Byro]

Wheel Pros bought Hoonigan, then rebranded Wheel Pros as "Hoonigan" - fucking disaster move

They are still Wheel Pros. All of my invoices have always and still do say Wheel Pros. I don’t know what Hoonigan actually sells. Wheel Pros owns Fuel, KMC, American Force, Black Rhino, Moto Metal and a few other wheel manufacturers, as well as Teraflex and ReadyLit.

I’d be willing to bet they’re saying Hoonigan is bankrupt as a way to recoup some money from the acquisition of some of the companies they bought up the past year or so. I mean how many people are buying Hoonigan key chains and shirts?

 

[NakedJeep]

They are still Wheel Pros. All of my invoices have always and still do say Wheel Pros. I don’t know what Hoonigan actually sells. Wheel Pros owns Fuel, KMC, American Force, Black Rhino, Moto Metal and a few other wheel manufacturers, as well as Teraflex and ReadyLit.

I’d be willing to bet they’re saying Hoonigan is bankrupt as a way to recoup some money from the acquisition of some of the companies they bought up the past year or so. I mean how many people are buying Hoonigan key chains and shirts?

Hoonigan was a lifestyle brand - clothing and such. Some aftermarket bolt ons. They had a Youtube channel, too I think, but without the primary contributor, other contributors left and it dried up

 

[kschaper75]

Tony Angelo just did a video on Hoonigan and Donut media. Pretty interesting

 

[JohnnyJ]

I've read many articles about how these holding companies target high cash companies, take the money, leverage it to the max, and then let it fail.

The local furniture store had that happen. Family got paid big on sale, the holding company leveraged the stores, and then let it go bankrupt.

 

[Arps]

I've read many articles about how these holding companies target high cash companies, take the money, leverage it to the max, and then let it fail.

The local furniture store had that happen. Family got paid big on sale, the holding company leveraged the stores, and then let it go bankrupt.

Just like in Goodfellas and The Sopranos

 

[Kyle]

I've read many articles about how these holding companies target high cash companies, take the money, leverage it to the max, and then let it fail.

The local furniture store had that happen. Family got paid big on sale, the holding company leveraged the stores, and then let it go bankrupt.

Tons of places. Look at any of the large “activist investors”

It’s a crime really.

 

[Slander]

Someone better keep making the pro comp mt2s and in some non bro dozers sizes!