Author Topic: Briggs & Stratton files for Chapter 11  (Read 193 times)

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Richard230

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on: August 01, 2020, 10:39:32 pm
Briggs & Stratton filed for Chapter 11 bankruptcy last Monday. Here is the story:
https://www.revzilla.com/common-tread/briggs-stratton-files-for-chapter-11-bankruptcy
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REpozer

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Reply #1 on: August 01, 2020, 11:04:52 pm
Sad. I just repowered my 1997  Snapper 21 inch push mower with new old stock Briggs&Stratton short block Quantum engine. They will be missed if they go the way of Techumseh small engine.
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cyrusb

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Reply #2 on: August 02, 2020, 10:00:15 pm
Wisconsin Engines was owned by Subaru until 2017 when they ceased production. Sad, Our great iron legacy turns into aluminum then turns into shite.
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tooseevee

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Reply #3 on: Yesterday at 12:00:42 pm
Another one bites the dust  :(
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Bilgemaster

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Reply #4 on: Yesterday at 03:08:52 pm
I'm no financial expert (which might explain why I ride an old Enfield Bullet and not a Vincent Comet or a Velocette), but I've been led to understand that Chapter 11 ain't necessarily the end of the world. It's not exactly a great sign of a company's financial health, but not doomsday either. It's known as "reorganization bankruptcy", as in reorganization of debt. Lots of still-going concerns have filed for Chapter 11...some several times. A favorite trick of those 'Master of the Universe' financier raider assholes is to swoop in on an older company and use Chapter 11 as a legal pretext to screw an "overly mature workforce" by pillaging their pension funds. Remember "pensions?"

So, in theory, Briggs & Stratton could scrimmage and claw their way back to health. In practice though, if I can nip off to Harbor Freight and get an equivalent Chinese-made Predator engine on sale for $89 that Briggs is asking about $250 for, AND get a free puck light...Well, I guess I'm just not that patriotic. So yeah...I see dark times ahead for B&S.
« Last Edit: Yesterday at 03:42:57 pm by Bilgemaster »
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Richard230

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Reply #5 on: Yesterday at 04:10:51 pm
The article said that B&S planned to sell off their assets to a hedge fund, if I recall correctly.   ::)
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heloego

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Reply #6 on: Today at 06:25:49 am
Quote: "Lots of still-going concerns have filed for Chapter 11...some several times."
Like Trump?  ;)
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