Private equity firms = vultures. They gain control of company stock then proceed to “unlock shareholder value” which means selling off assets and cutting costs. Think of Sears and Toys R Us. Big loans were taken out using the creditworthiness of the business, shareholders got big dividends, executives and private equity made a fortune-while businesses were destroyed and employees lost jobs. Private equity firms are currently trying to buy Macy*s-stock prices are down and they’re offering existing shareholders a premium to get their stock. Private equity firms want control of Macys so they can sell off the valuable real estate. Let’s put it this way-private equity firms aren’t going to INVEST in producing better quality sewing furniture. If anything they will cut quality and customer service to maximize their profits.
I’m in a couple of sewing Facebook groups, and there are people mentioning that their expensive cabinet that they purchased years ago, will not accommodate their newly purchased sewing machine because their new machine is too large. I recently purchased a JANOME M17 and it is huge. I got lucky because my machine came with a custom-made, solid oak, cabinet. The machine was a floor model and the dealer opted to sell the machine and cabinet as a set. I basically got the 5k cabinet for free. Ergonomically, you really need a cabinet to sit the machine in, or eventually your back will start feeling it, especially if you sew for many hours at a time. I imagine the company will have a harder time selling existing inventory if customers know they won’t be able to use their 5k cabinet if they purchase a larger machine.
You bring up a very good point. Who wants to spend thousands on a MDF table that will become obsolete on the next machine upgrade? Thanks so much for watching.
Probably a coffin/nail situation; but not quite sure. I really haven't used June Tailor products much, so I'm not sure if the quality is better or worse. The holdings seem to include a lot of sewing & storage items, which makes sense as a suite of companies. I tend to think that when the focus shifts from quality to $$$, then the item goes downhill; it could open the market to different sewing furtniture companies - but I think a lot of people tend to furnish sewing spaces with Ikea modular items. As usual, your video is informative and entertaining!
Serves them right,those cabinets are such a rip off! Quality will go down. Singer, Husquavrna, and Viking aren’t the same since they got bought out by a Chinese company back in the early 2000’s.
Another bullseye video, my dear. Your research is most appreciated and extremely informative. You have raised the bar yet again.
When I hear "private equity firm," I think, "acquire it to strip down for parts." But what do I know, I'm no financier.
I think definitely going under. I don’t even see June Taylor products anymore.
Informative as always. It will change and not for the better. If I was in the market for Arrow products I would buy now as the quality is still there.
I think your right about trying to get furniture before the tide turns.
Private equity firms = vultures. They gain control of company stock then proceed to “unlock shareholder value” which means selling off assets and cutting costs. Think of Sears and Toys R Us. Big loans were taken out using the creditworthiness of the business, shareholders got big dividends, executives and private equity made a fortune-while businesses were destroyed and employees lost jobs. Private equity firms are currently trying to buy Macy*s-stock prices are down and they’re offering existing shareholders a premium to get their stock. Private equity firms want control of Macys so they can sell off the valuable real estate. Let’s put it this way-private equity firms aren’t going to INVEST in producing better quality sewing furniture. If anything they will cut quality and customer service to maximize their profits.
I’m in a couple of sewing Facebook groups, and there are people mentioning that their expensive cabinet that they purchased years ago, will not accommodate their newly purchased sewing machine because their new machine is too large. I recently purchased a JANOME M17 and it is huge. I got lucky because my machine came with a custom-made, solid oak, cabinet. The machine was a floor model and the dealer opted to sell the machine and cabinet as a set. I basically got the 5k cabinet for free. Ergonomically, you really need a cabinet to sit the machine in, or eventually your back will start feeling it, especially if you sew for many hours at a time. I imagine the company will have a harder time selling existing inventory if customers know they won’t be able to use their 5k cabinet if they purchase a larger machine.
You bring up a very good point. Who wants to spend thousands on a MDF table that will become obsolete on the next machine upgrade? Thanks so much for watching.
always something to learn from your videos...ty
First nail in the coffin!
I luv your channel 😊
Arrows cabinets are very expensive.
Probably a coffin/nail situation; but not quite sure. I really haven't used June Tailor products much, so I'm not sure if the quality is better or worse. The holdings seem to include a lot of sewing & storage items, which makes sense as a suite of companies. I tend to think that when the focus shifts from quality to $$$, then the item goes downhill; it could open the market to different sewing furtniture companies - but I think a lot of people tend to furnish sewing spaces with Ikea modular items.
As usual, your video is informative and entertaining!
Yes, the storage solutions do make a lot of sense with their portfolio. Thanks for watching and enjoyed the content.
"Completed acquisition of" means they now own the whole thing. Partial ownership is not called an acquisition.
Serves them right,those cabinets are such a rip off! Quality will go down.
Singer, Husquavrna, and Viking aren’t the same since they got bought out by a Chinese company back in the early 2000’s.
Definately the first nail in the coffin.
Not good.