Queen Cutlery out of business

The Queen Cutlery Company has been manufacturing knives in Titusville Pennsylvania for over 100 years. The company opened its factory in 1902 and continues to produce knives in the same way now as they did in their earliest years.
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Re: Queen Cutlery out of business

Postby bone collector » Mon Apr 23, 2018 3:32 am

I notice there are a lot of gold and bronze tier supporting members, will some one enlighten me on what a supporting member is.

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Mumbleypeg
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Re: Queen Cutlery out of business

Postby Mumbleypeg » Mon Apr 23, 2018 4:50 am

bone collector wrote:I notice there are a lot of gold and bronze tier supporting members, will some one enlighten me on what a supporting member is.

These are voluntary contributions used to support costs of running the AAPK site. No one is required to buy a membership to view and post on AAPK.

However if you want to post items for sale here, you must buy a membership. There are other perks from having a membership, and they vary according to the level of membership. . You can find more info here: https://www.allaboutpocketknives.com/ca ... scriptions

AAPK has no paid employees. It is entirely run by volunteers, but there are expenses involved in computer hardware and software. Many supporting members enjoy the site and want to help keep it going so we are spending a few bucks annually for a membership. Some of the supporting members rarely if ever post anything, but apparently having AAPK available for research is worth it because they have paid for a membership.

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Re: Queen Cutlery out of business

Postby bone collector » Tue Apr 24, 2018 1:23 am

Thank you mumblypeg. you shed some light for someone feelin' his way around. By the way, my wife claims she was pretty good at mumbly peg as a girl.

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Old Folder
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Re: Queen Cutlery out of business

Postby Old Folder » Sun Apr 29, 2018 3:34 am

Here is the latest update on Queen Cutlery, posted in the May 2018 issue of "Knife Magazine"
Still hoping for a miracle. (It could happen) ::tear::

IMG_0013.JPG
It's always important to know what you don't know.
Dan

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Re: Queen Cutlery out of business

Postby TwoFlowersLuggage » Sun Apr 29, 2018 6:16 am

Yikes, that sounds like a nasty situation. Fraud & embezzlement is a horrible way for a 95 year-old company to end. Jeez, where were the auditors in all of this??
"The Luggage had a straightforward way of dealing with things between it and its intended destination: it ignored them." -Terry Pratchett

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Re: Queen Cutlery out of business

Postby treefarmer » Sun Apr 29, 2018 11:39 am

A few years back, I remember being pleased to read about the new ownership of Queen and hoping they would be able to pull the wagon up the hill. Wonder if this will mean another door will open and China Queens will be like China Schrades? Someone will probably end up with the rights to the name, the ever changing world of pocket knives. ::hmm::
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Re: Queen Cutlery out of business

Postby Quick Steel » Sun Apr 29, 2018 6:27 pm

Sad. Very sad. :(
"Life is good if you don't weaken." AG Russell

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Re: Queen Cutlery out of business

Postby TwoFlowersLuggage » Sun Apr 29, 2018 6:41 pm

I said this in another thread, but it really belongs here. It appears the "parent corporation" of GEC is actually the "Howard Daniels Corporation", which operates as "Great Eastern Cutlery".
http://www.buzzfile.com/business/Great- ... 4-827-3411

Which, of course, begs the question of the Daniels family relationship to GEC. Are they investors? That would be my bet. Does William Howard have any plans to get involved in the Queen situation? Wouldn't it be interesting if GEC ends-up with much of the assets & IP of Queen, thereby allowing Daniels to discharge all the debt from Queen while still (at least indirectly) owning the Queen brand?

My spidey sense is tingling...
"The Luggage had a straightforward way of dealing with things between it and its intended destination: it ignored them." -Terry Pratchett

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Re: Queen Cutlery out of business

Postby kootenay joe » Sun Apr 29, 2018 8:03 pm

This is a bit confusing:
does Bill Howard own GEC ?
and Howard & Courtney Daniels own Queen ?
My hope is that Mr. Howard focus 100% GEC and not have anything to do with Queen. Associating with Queen would drain GEC of their money and mojo needed to keep making only top notch knives.
kj

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Re: Queen Cutlery out of business

Postby TwoFlowersLuggage » Sun Apr 29, 2018 8:26 pm

"Own" is always a bit confusing when you are taking about a corporation. A "holding company" owns assets, including other companies, but may not actually have anything to do with the day-to-operations of the assets it owns. An "operating company" runs the day-to-day operations of a company. Nearly all the revenue and expenses are generated by the operating company and the employees probably work for the operating company. Legally, the holding company and the operating company can be two different entities. The holding company may own all of the shares of the operating company, so legally, the operating company would be "owned" by the holding company. The holding company is "owned" by whoever owns shares in the holding company.

Bill Howard is the president of the the Howard Daniels Corporation, which is the holding company of the Great Eastern Cutlery company. This means he runs the company. Who "owns" the company is a different question.

Clear as mud? :lol:
"The Luggage had a straightforward way of dealing with things between it and its intended destination: it ignored them." -Terry Pratchett

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Re: Queen Cutlery out of business

Postby TwoFlowersLuggage » Sun Apr 29, 2018 10:21 pm

I just found out that Daniels sold all his shares to Howard in 2011, making Howard the CEO & President. So, that's old news.
"The Luggage had a straightforward way of dealing with things between it and its intended destination: it ignored them." -Terry Pratchett

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Re: Queen Cutlery out of business

Postby big monk » Mon Apr 30, 2018 1:56 am

Yep____________GEC has ""NO TIES"" to Queen or the Daniels family -- Bill Howard bought all Ken Daniels GEC Stock, in 2011

- never heard of this "Howard Daniels" you speak of ????, ____ Courtney ( aka Knifegirl on e-bay ) is married to Ken's son, Ryan Daniels, and neither of them never had nor have any holdings in Great Eastern Cutlery Co.*** _________ GEC is a "stand alone company" that has done well,thanks to Bill Howard & the dedicated staff of workers, he has employed for most of the last 12 years -- have a great day my friends, and remember to collect the knives you like ( you'll never have one in your pocket you don't like,if you do this** ) _________ Monk :) ::tu:: ::tu::
Attachments
GEC.jpg
I'm not young enough,____to know everything !!!!!!!!!!!!

MONK****

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Re: Queen Cutlery out of business

Postby TwoFlowersLuggage » Mon Apr 30, 2018 2:18 am

"Howard Daniels Corporation" is the name of the holding company that was created by Bill Howard & Ken Daniels when GEC was founded.
http://www.buzzfile.com/business/Great- ... 4-827-3411

You will also see it listed on the Pennsylvania gov website if you go to this link and then search for "Howard Daniels". This site actual shows "Great Eastern Corporation" as the current name, and "Howard Daniels Corporation" as the prior name.
https://www.corporations.pa.gov/Search/corpsearch

For $3 you can order their articles of incorporation that were amended in 2015 that would show all the officers of the company. :D
"The Luggage had a straightforward way of dealing with things between it and its intended destination: it ignored them." -Terry Pratchett

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Re: Queen Cutlery out of business

Postby TwoFlowersLuggage » Mon Apr 30, 2018 2:32 am

Also - if you use the pa.gov search above for "Great Eastern Cutlery", you will find that it is listed as a fictitious business name owned by... "Howard Daniels Corporation", which as we now know, is the prior name of "Great Eastern Corporation" ... :wink:
"The Luggage had a straightforward way of dealing with things between it and its intended destination: it ignored them." -Terry Pratchett

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Re: Queen Cutlery out of business

Postby kootenay joe » Mon Apr 30, 2018 6:27 am

O.K., now that this is established:
"GEC has ""NO TIES"" to Queen or the Daniels family -- Bill Howard bought all Ken Daniels GEC Stock, in 2011 "
it is most unlikely that GEC has an interest in acquiring the very old machinery that Queen has been using for almost 100 years, or the rights to the Queen name.
Good.
kj


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