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Built in Detroit, the new Shinola knows what time it is

 
Melanin-Man
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07/27/2013 12:05 PM
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Built in Detroit, the new Shinola knows what time it is
What does the name of a snuffed-out brand of shoe polish and a Detroit manufacturing revival have in common? It sounds like the start of a bad joke—especially in light of this week's major municipal bankruptcy filing. While there is a punchline, the answer tells a compelling story of entrepreneurship, patriotism and profits.

[link to www.cnbc.com]


In Bankrupt Detroit, Shinola Puts Its Faith In American Manufacturing

Bedrock commissioned a focus group and asked participants whether they preferred a $5 pen from China, a $10 pen made in the USA or a $15 pen made in Detroit. People preferred the cheaper Chinese pen, but were willing to pay the higher premium for one made in Detroit.

[link to www.forbes.com]
Anonymous Coward
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07/27/2013 12:07 PM
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Re: Built in Detroit, the new Shinola knows what time it is
I hope they are not too pissed when the 15 dollar pen doesn't work brand new
Melanin-Man (OP)

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07/27/2013 12:08 PM
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Re: Built in Detroit, the new Shinola knows what time it is
I hope they are not too pissed when the 15 dollar pen doesn't work brand new
 Quoting: Anonymous Coward 42392596


They don't build pens. They build watches.
Melanin-Man (OP)

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07/27/2013 12:12 PM
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Re: Built in Detroit, the new Shinola knows what time it is
[link to www.shinola.com]
Anonymous Coward
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07/27/2013 12:24 PM
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Re: Built in Detroit, the new Shinola knows what time it is
You do understand that this is a foreign investment that our feds pay the investors for right?

The watches will fail

It makes no sense

The bikes could work but 30,000 SF in that climate the heating alone will sink the project.

Economics is not rocket science
Melanin-Man (OP)

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07/27/2013 12:28 PM
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Re: Built in Detroit, the new Shinola knows what time it is
You do understand that this is a foreign investment that our feds pay the investors for right?

 Quoting: Anonymous Coward 42392596


What the hell are you talking about?


This company was started by a man from Texas with his own money.
Melanin-Man (OP)

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07/27/2013 12:33 PM
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Re: Built in Detroit, the new Shinola knows what time it is
The watches will fail


 Quoting: Anonymous Coward 42392596


Shinola’s first batch of 2,500 watches – a special edition priced at $550 — sold out on the web in eight days.

[link to www.forbes.com]
Melanin-Man (OP)

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07/27/2013 12:37 PM
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Re: Built in Detroit, the new Shinola knows what time it is
You do understand that this is a foreign investment that our feds pay the investors for right?

The watches will fail

It makes no sense

The bikes could work but 30,000 SF in that climate the heating alone will sink the project.

Economics is not rocket science
 Quoting: Anonymous Coward 42392596


Kartsotis, 53, is best known for founding Fossil FOSL -0.64%, the popular accessories brand. He was CEO from the start in 1984 until 2000, and remained chairman until 2010 while gradually reducing his stake to less than 5 percent. His brother, Kosta, now runs the Richardson, Texas, company.

Since then, Tom Kartsotis, whose last-reported Fossil holdings are worth an estimated $320 million, has been pouring most of his resources into his venture capital firm, Bedrock. It invests in U.S.-based manufacturers like Seattle-based Filson, the 116-year-old outdoor clothing company it bought last year.
Anonymous Coward
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07/27/2013 01:04 PM
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Re: Built in Detroit, the new Shinola knows what time it is
Thank you for this article.

Now I know not to support Shinola watches.
Anonymous Coward
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07/27/2013 01:17 PM
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Re: Built in Detroit, the new Shinola knows what time it is
You do understand that this is a foreign investment that our feds pay the investors for right?

The watches will fail

It makes no sense


The bikes could work but 30,000 SF in that climate the heating alone will sink the project.

Economics is not rocket science
 Quoting: Anonymous Coward 42392596


Because Americans can't tell shit from Shinola.
Anonymous Coward
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07/27/2013 01:21 PM
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Re: Built in Detroit, the new Shinola knows what time it is
You do understand that this is a foreign investment that our feds pay the investors for right?

 Quoting: Anonymous Coward 42392596


What the hell are you talking about?


This company was started by a man from Texas with his own money.
 Quoting: Melanin-Man


Yah........he is the one getting the US money

Look into it.

The "partner" firm in Switzerland also gets a deal and $$$
Dr. Ben Schillen
ILLUMICORP R&D

User ID: 12680882
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07/27/2013 01:22 PM

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Re: Built in Detroit, the new Shinola knows what time it is
Why does the French flag have Velcro on it?

So the red and blue parts can be removed during wartime.
Anonymous Coward
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07/27/2013 01:22 PM
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Re: Built in Detroit, the new Shinola knows what time it is
You do understand that this is a foreign investment that our feds pay the investors for right?

The watches will fail

It makes no sense

The bikes could work but 30,000 SF in that climate the heating alone will sink the project.

Economics is not rocket science
 Quoting: Anonymous Coward 42392596


Kartsotis, 53, is best known for founding Fossil FOSL -0.64%, the popular accessories brand. He was CEO from the start in 1984 until 2000, and remained chairman until 2010 while gradually reducing his stake to less than 5 percent. His brother, Kosta, now runs the Richardson, Texas, company.

Since then, Tom Kartsotis, whose last-reported Fossil holdings are worth an estimated $320 million, has been pouring most of his resources into his venture capital firm, Bedrock. It invests in U.S.-based manufacturers like Seattle-based Filson, the 116-year-old outdoor clothing company it bought last year.
 Quoting: Melanin-Man


So you are trying to say that Fossil watches are made in the USA?
Anonymous Coward
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07/27/2013 01:30 PM
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Re: Built in Detroit, the new Shinola knows what time it is
I hope they are not too pissed when the 15 dollar pen doesn't work brand new
 Quoting: Anonymous Coward 42392596


They don't build pens. They build watches.
 Quoting: Melanin-Man


What you meant was they put decent Korean and Chinese movements in cases that they make here with damn few parts of the watch sourced from the US.

Hey there are idiots that pend money for all kinds of brand names but they DON'T make the entire watch in the states.....matter of fact damned little of it is made here.

It is a lie and it may last for a while but I think Americans will wise up.

You do know that Vizio is an american company right?
Anonymous Coward
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07/27/2013 01:37 PM
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Re: Built in Detroit, the new Shinola knows what time it is
Look at the site

No one with any taste would buy a mid price watch with a case described as "shiny"

WTF

At least put lipstick on that pig while bellying up to the gov trough
Anonymous Coward
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07/27/2013 02:00 PM
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Re: Built in Detroit, the new Shinola knows what time it is
You do understand that this is a foreign investment that our feds pay the investors for right?

 Quoting: Anonymous Coward 42392596


What the hell are you talking about?


This company was started by a man from Texas with his own money.
 Quoting: Melanin-Man


One observes that lone star to be identical to north korea.


Lots of cia, black ops funding happened in that area, wal mart, etc.
Dr. Ben Schillen
ILLUMICORP R&D

User ID: 12680882
United States
07/27/2013 09:35 PM

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Re: Built in Detroit, the new Shinola knows what time it is
Why does the French flag have Velcro on it?

So the red and blue parts can be removed during wartime.
 Quoting: Dr. Ben Schillen


bump

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