Savage Management Buyout - leaving Vista
- Thread starter ELR researcher
- Start date
I've got confidence that the group of investors is committed to the company and not just looking to turn a profit.
Considering the action management has taken to get control I’d say they actually care about their products and brand name.
The people who own Remington certainly don’t.
The name of the game with a lot of investment companies is return on their investment, they don’t give a crap about quality. Hopefully the buyers of Savage have quality and innovative ideas in mind.
It was a management buyout, not a (new) buyer. Vista provided capital. Unless the current team can generate interest in further external investment, or open their own wallets further, seems unlikely they will have the funds to get very innovative. If money is not coming in from those sources, look for product line reductions and workforce downsizing to generate the money needed to survive and move forward. Simple economics.
