Hey,
Ive been hearing rumors that T&T is going out of business??? Can anyone verify this?
Tom
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Hey,
Ive been hearing rumors that T&T is going out of business??? Can anyone verify this?
Tom
The web site has the 2010 catalog on it, so it seems they plan on being around for a while. The rumor I heard was that they were being bought rather than closing down, but I don't know by who and I've heard no comfirmation on the rumor one way or another.
i have heard that there was/is a sale going down. that's all i've heard.
they just re-issued their fiberglass rod , so i dont think so.....
First, just because a company looks like it's in doing well and in business (e.g. catalog, new products, etc) doesn't mean it's doing well. Most companies that go under do so with vigor.
That said, here's my contribution to the rumor mill: Bought by another company and is being "right sized" with the intent of continuing.
Total speculation: the Madoff clan (yes, THAT, Madoff clan) owns/ed Abel, at least a portion of T&T and reportedly some British fly fishing outfit. They're selling the pieces to raise capital.
T&T has been the subject of many sale rumors. Some of the "rumors"" have been the report of its most recent sale, which is not that recent.
I had heard a rumor that Lon Deckard had taken it back, he was the previous owner, before the Madoff son. I still had his contact information from when he/T&T was a Sponsor here, so I dropped him an email. He was very nice (as always) but said no, he had not taken it back. The Madoff deal as I understand it was a group including the son, bought Sharps of Aberdeen, T&T and Able. The son has been involved with his dad's schemes and T&T, Sharps and Able are all in trouble. T&T stopped being a Sponsor here right after Lon Deckard sold it, I tried to get them to reup and I was told by Tom Dorsey "They didn't need our services." I did not contact them again.
Zach Mathews over at the Itinerant Angler tweated on 2/23 that T&T had laid off their entire employee base. No source for the tweat was given, but Zach has lots of contacts in the industry so I consider this valid information.
Brian
I'm really sorry to hear that - when Lon had it, and before, it was a VERY respected name in fly fishing. Hate to see things like this happen.