Why did Donzi fail?

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12-13-2020 | 10:57 AM

#41

Jupiter Sunsation

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Joined: Jun 2005

Posts: 11,903

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Quote:

Originally Posted by thirdchildhood

What did they sell? Some people from Donzi were trying to buy the company before Iconic got it. Also, for the record, Donzi never filed bankruptcy although they were certainly getting close to that point.

Not true: 2012
https://www.tradeonlytoday.com/manuf...nkruptcy-again

Parties included in the case are: American Marine Holdings, Donzi Marine, AMH Government Services, Baja Marine, Fountain Dealers’ Factory Super Store, Fountain Powerboats Industries Inc., Fountain Powerboats Inc., Fountain Powerboats LLC, Palmetto Park Financial and Pro-Line Boats.

12-13-2020 | 12:47 PM

#42

thirdchildhood

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Joined: Oct 2005

Posts: 5,825

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From: Clarkston, Michigan

Quote:

Originally Posted by Jupiter Sunsation

OK, before they were acquired by Iconic Marine Group they had not filed bankruptcy.

12-13-2020 | 04:12 PM

#43

1960brookwood

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Joined: Nov 2015

Posts: 198

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From: West Michigan

Quote:

Originally Posted by Indy

If he owns Donzi, maybe he should. Why own it if you don't care?

The wife and I work for a fortune 500 company that is in the grandsons care. He is very straight forward about not giving a $hit about anything except his profits.

12-13-2020 | 04:39 PM

#44

Indy

Member #154

Joined: Oct 2000

Posts: 8,006

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From: SW CT & Long Island Sound

Quote:

Originally Posted by 1960brookwood

The wife and I work for a fortune 500 company that is in the grandsons care. He is very straight forward about not giving a $hit about anything except his profits.

Understand, I guess if you're in it for profits why buy a boat company?