Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Rate Thread Display Modes
Old 14-03-2016, 13:08   #421
Registered User

Join Date: Jan 2015
Posts: 278
Re: Island Packet Closing doors

Quote:
Originally Posted by a64pilot View Post
I don't see how the factory going under has anything at all to do with the boats.
Boat companies and airplane companies, change ownership and come and go all the time.
Now if for example the last couple of years, if they really cut corners and built shoddy, well then that matters, but I've heard of none of that.
It probably has more to do with the way they ran their company.

They cut out some of the smaller boats in the lineup, which is where the bulk of the marketplace is. They sort of remind me of the Harley Davidson of the boating world. Good quality, not the fastest, but with an eye towards showroom appeal, comfort, and a loyal user-community. It seems to me they're going after the recent-retirees who are new to boating. Get them hooked on the brand and community, and sell them them their next, bigger boat.

With the average new-boat cost that's greater than the average cost of a house in the U.S., what could go wrong?

Things probably looked great with the marketing strategy in 2004, but a major reversal might have been in order given the events in the housing market in 2006, and the stock market in 2008.

The problem is that the a) the market segment is shrinking, and b) you're competing within that market segment with boats that still float after 40 years, if you maintain/refurbish them, which are a fraction of the cost of a new one.
__________________

__________________
WindwardPrinces is offline   Reply With Quote
Old 20-03-2016, 18:55   #422
Registered User

Join Date: Oct 2007
Location: virginia
Boat: islandpacket
Posts: 1,830
Re: Island Packet Closing doors

Why do they have to explain anything. Yes, I own an IP, but they don't owe me anything. Yes I hope they return but I don't take this personal. Things change. Business come and go. I wish them the best. Its tough times all around.
__________________

__________________
That derelict boat was another dream for somebody else, don't let it be your nightmare and a waste of your life.
Badsanta is offline   Reply With Quote
Old 31-03-2016, 06:43   #423
Registered User

Join Date: Dec 2011
Location: NJ
Boat: IP 370
Posts: 30
Re: Island Packet Closing doors

Any more news about IP? I love my 370. I hope they restructure and keep goin. They make darn good & safe vessels
__________________
sailrmn is offline   Reply With Quote
Old 31-03-2016, 06:54   #424
cruiser

Join Date: May 2010
Location: SF Bay Area; Former Annapolis and MA Liveaboard.
Boat: Looking and saving for my next...mid-atlantic coast
Posts: 6,197
Re: Island Packet Closing doors

Quote:
Originally Posted by sailrmn View Post
Any more news about IP? I love my 370. I hope they restructure and keep goin. They make darn good & safe vessels
Only this update to Wikipedia which was reported in another forum

Quote:
In mid February 2016 phone lines were down. On 24 February 2016 an eviction notice [3] was posted on the doors of the factory. The factory reports that the eviction notice was on the door for 24 hours as part of a change in ownership of the property.[4] IPY continues in operation as of 24 March 2016 with construction ongoing of boats on order and for inventory for Island Packet, Blue Jacket, and Seaward Yachts. Employees are working and being paid. [5] Suppliers are delivering materials and invoices are being paid. [6]

Phone numbers continue to be out of service. Email is working. Company cell phones are working.

Company employees had shared that they were in tough shape during 2015 and for a period were reduced to a four day work week. Regular work weeks have been in place for many months (Mar 2016).
__________________
SaltyMonkey is offline   Reply With Quote
Old 31-03-2016, 07:08   #425
Registered User

Join Date: Mar 2016
Location: Dunedin, Florida
Boat: Morgan 34
Posts: 5
Re: Island Packet Closing doors

Island Packet was sold to Hake Yachts yesterday.
__________________
Mexicana is offline   Reply With Quote
Old 31-03-2016, 07:34   #426
Don't ask if you can't handle it
 
sailorboy1's Avatar

Cruisers Forum Supporter

Join Date: Jul 2007
Location: On the boat somewhere
Boat: Hunter 410
Posts: 12,305
Re: Island Packet Closing doors

Quote:
Originally Posted by Mexicana View Post
Island Packet was sold to Hake Yachts yesterday.
Of course that doesn't really mean that IP will continue. A web search doesn't even result in an announcement.
__________________
jobless, houseless, clueless, living on a boat and cruising around somewhere
sailorboy1 is offline   Reply With Quote
Old 31-03-2016, 07:37   #427
Freelance Delivery Skipper..
 
boatman61's Avatar

Community Sponsor
Cruisers Forum Supporter

Join Date: Jan 2010
Location: UK/Portugal
Posts: 20,188
Images: 2
Send a message via Skype™ to boatman61
pirate Re: Island Packet Closing doors

I don't know.. the brand name may continue with boats riding on past reputation..
How many times now has Hunter gone to the wall..??
__________________


Born To Be Wild
boatman61 is offline   Reply With Quote
Old 31-03-2016, 09:11   #428
Registered User

Join Date: Mar 2016
Location: Dunedin, Florida
Boat: Morgan 34
Posts: 5
Re: Island Packet Closing doors

Quote:
Originally Posted by sailorboy1 View Post
Of course that doesn't really mean that IP will continue. A web search doesn't even result in an announcement.

I have no idea if IP will continue on under hake, but I'm just sharing information that I've learned at the IP/seaward factory yesterday


Sent from my iPhone using Cruisers Sailing Forum
__________________
Mexicana is offline   Reply With Quote
Old 31-03-2016, 09:18   #429
cruiser

Join Date: May 2010
Location: SF Bay Area; Former Annapolis and MA Liveaboard.
Boat: Looking and saving for my next...mid-atlantic coast
Posts: 6,197
Re: Island Packet Closing doors

Hake Yachts IS Seaward.
__________________
SaltyMonkey is offline   Reply With Quote
Old 31-03-2016, 09:28   #430
Registered User
 
Sailor_Hutch's Avatar

Join Date: Nov 2012
Location: Dreaming - through the bars to the Chesapeake... Land cabin: near Raleigh, North Carolina
Posts: 461
Re: Island Packet Closing doors

Quote:
Originally Posted by sailorboy1 View Post
Of course that doesn't really mean that IP will continue. A web search doesn't even result in an announcement.
True. They could just take IP's IP (intellectual property) and blend it into their own designs. Of course there are physical assets. But, it seems more likely they want the name loyalty - whether or not it's attached to new stuff or to old stuff.
__________________
Sailor_Hutch was born for water. His 130 pounds, well insulated, floats like a bouy. With webbed paws, he gracefully paddles - The Umbrella Man.
Sailor_Hutch is offline   Reply With Quote
Old 31-03-2016, 09:45   #431
Registered User

Join Date: Mar 2016
Location: Dunedin, Florida
Boat: Morgan 34
Posts: 5
Re: Island Packet Closing doors

Quote:
Originally Posted by SaltyMonkey View Post
Hake Yachts IS Seaward.

Hake yachts is the parent company, yes. But now hake yachts is Seaward AND Island Packet


Sent from my iPhone using Cruisers Sailing Forum
__________________
Mexicana is offline   Reply With Quote
Old 31-03-2016, 09:47   #432
Registered User

Join Date: Apr 2013
Posts: 4,865
Re: Island Packet Closing doors

Quote:
Originally Posted by Badsanta View Post
Why do they have to explain anything. Yes, I own an IP, but they don't owe me anything. Yes I hope they return but I don't take this personal. Things change. Business come and go. I wish them the best. Its tough times all around.
As a private company, they can do anything they want (pending any requirements from the bankruptcy judge or contractual requirements from a sale).

But assuming they don't want to intentionally destroy the brand and company, they need to get ahead of it and explain what is going on or people tend to assume the worst. Once rumor an innuendo are established, it is drastically harder to regain the brands appeal.

So strictly speaking they don't have to explain anything, from a practical perspective, they do.
__________________
valhalla360 is online now   Reply With Quote
Old 31-03-2016, 10:14   #433
Registered User
 
Scout 30's Avatar

Join Date: Oct 2014
Location: Florida
Boat: Scout 30
Posts: 2,338
Re: Island Packet Closing doors

I sure hope IP continues. More choices there are the better it is for all of us.
__________________
Scout 30 is offline   Reply With Quote
Old 01-04-2016, 15:46   #434
Registered User

Join Date: Feb 2006
Location: nyc/chesapeake
Boat: gozzard 44
Posts: 273
Re: Island Packet Closing doors

Apparently, there has been an agreement for IP to build Seaward boats.

Island Packet To Build Seaward Sailboats | Cruising World
__________________
ronbo1 is offline   Reply With Quote
Old 01-04-2016, 15:47   #435
Don't ask if you can't handle it
 
sailorboy1's Avatar

Cruisers Forum Supporter

Join Date: Jul 2007
Location: On the boat somewhere
Boat: Hunter 410
Posts: 12,305
Re: Island Packet Closing doors

that article was a year ago
__________________

__________________
jobless, houseless, clueless, living on a boat and cruising around somewhere
sailorboy1 is offline   Reply With Quote
Reply

Tags
island packet

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Watertight Companionway Doors Southern Star Construction, Maintenance & Refit 6 04-04-2010 15:25
Bluewater Cats with 'Sliding Doors' and Hard Bimini HobieFan Multihull Sailboats 28 28-08-2009 06:14
Gunboat 62 Blows Doors Off Reichel-Pugh 80 David M Multihull Sailboats 150 16-05-2009 13:38
Watertight doors on cats. David M Multihull Sailboats 15 10-03-2008 18:55
companionway doors mario f Construction, Maintenance & Refit 13 12-11-2007 06:53



Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 01:14.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.