Ever heard of GSM Outdoors? They just bought Cold steel.

Discussion in 'General Knife Discussion' started by Smiling, Dec 2, 2020.

  1. sabre cat

    sabre cat Basic Member Basic Member

    Jul 4, 2014
    He’s not paying any sort of price.
    IMO, he’s probably doing just fine.

    His employees certainly are paying a price. His suppliers probably will. And, we probably will.
     
  2. halden.doerge

    halden.doerge I'll Sharpen Your Knife Gold Member

    Aug 17, 2014
    Nah. The only thing resembling IP in the Cold Steel lineup are Andrew Demko's designs. Everything Lynn Thompson has put out are just carbon copies of long established blade designs and shapes put out in small/medium/large sizes. Not saying they don't make good beater knives, they certainly do. But the idea that Lynn has done anything seriously innovative in terms of knife design and engineering is absurd. He's just a salesman and hey, he's made it work for himself in a big way, so good for him.
     
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  3. spoonrobot

    spoonrobot

    May 1, 2004
    You don't know, what you don't know.

    This is obviously not true, they had enough intellectual property to find a buyer for what is apparently a significant asking price. The rest of your post is lacking substance as well. Such is life.
     
    Last edited: Dec 9, 2020
  4. fonedork

    fonedork Platinum Member Platinum Member

    Jul 7, 2011
    Yeah, well, you know, that's just, like, your opinion, man
     
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  5. skyhorse

    skyhorse Gold Member Gold Member

    Jan 30, 2010
    I looked at the companies employee numbers and revenue, it wasn't that different than a successful privately owed McDonalds restaurant franchise.
     
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  6. sabre cat

    sabre cat Basic Member Basic Member

    Jul 4, 2014
    You would think that it would be a lot more than that.
     
  7. Norcaldude

    Norcaldude Gold Member Gold Member

    Dec 19, 2014
    It seems that what Cold Steel has and what the buyers bought was the brand name and it's reputation. I don't really follow Cold Steel products but from what I have seen @halden.doerge is correct.
    If there is some innovation that LT or CS have come up with and own, what are they?
     
    matt009au likes this.
  8. Probably spends too much money on bikes and knives, so can only afford one pair of gloves. Being ready for whatever's around the next corner, he went with a pair of gloves he can wear on his cruiser or the dirt bike.

    It's very possible that the deal was already in the works, but that doesn't really explain why LT would go out of his way to put a lie on the record regarding why there was a change. If he was selling the company, just keep your mouth shut and let them deal with the fallout. Coming to BF to say that they tested steel from two vendors and neither one passed is completely gratuitous, so it makes much more sense that it was the actual reason rather than an unnecessary cover story.

    It doesn't really make business sense to take on the overhead to create an office in another state just for handling those items. More likely they contracted with a vendor in Arizona to receive and distribute the sword-canes (which are illegal to possess in California), which was likely a relatively sporadic thing.

    The average McDonalds franchise store makes around $1.8M in revenue per year. DNB says Cold Steel was pulling in close to $10M.
     
  9. https://patents.justia.com/assignee/cold-steel

    https://patents.google.com/?assignee="cold+steel"

    https://patents.google.com/?inventor=Lynn+c.+Thompson&oq=inventor:(Lynn+c.+Thompson)
     
    fonedork likes this.
  10. fonedork

    fonedork Platinum Member Platinum Member

    Jul 7, 2011
    Kiteman72 and skyhorse like this.
  11. You get to be the head of R&D at Cold Steel for nothing...
     
  12. skyhorse

    skyhorse Gold Member Gold Member

    Jan 30, 2010
    Depending on the location some of those franchises make a boat load of money. Cold steel is sorta like the former Quartermaster knife company only bigger with a smarter owner that doesn't have a secret Texas knife factory. :)
     
    buckfynn likes this.
  13. Norcaldude

    Norcaldude Gold Member Gold Member

    Dec 19, 2014
    The original comment was "The only thing resembling IP in the Cold Steel lineup are Andrew Demko's designs" which is what it seems like many of the patents you link to are.
    There are some for things like "Disposable broad head arrowhead" and "Plastic broadhead arrowhead' that are from Lynn Thompson. I doubt anybody bought CS to get control of those, though I might be wrong.
     
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  14. unwisefool

    unwisefool Gold Member Gold Member

    Jan 22, 2007
    I got it from knifecenter.
     
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  15. Larry Turko

    Larry Turko

    977
    Oct 4, 2007
    No other company even begins to match the huge range of beguiling products that Cold Steel offers. As a result I have over 100 CS products including spears ,swords, pole arms, hawks, sword canes, fixed blades and at least one version of every XL folder they have ever offered. If CS stops being the old Cold Steel as a result of being sold it will be very sparse pickings for me in the future. A future in which an "XL" folder will likely be anything over a hair longer than 4 inches.
     
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  16. DocJD

    DocJD

    Jan 29, 2016
    :eek: Think I finally understand the purpose of that whole thread .

    It was designed to be insulting and inflammatory , for the very purpose of provoking an extremely negative response .

    LT never wanted to see a cheap stainless on his special babies , (Trail Master , etc ) but was being pressured to do just that .

    So he crafted a negative sales pitch , knowing exactly how it would be received by fans on BF .

    He wanted to show that this was not a good decision for the new owners to push forward , while appearing to cooperate .

    One clue is that the mod introduced the thread by saying " I've got on my flame suit " ( something like that ) .

    Some people seem to think LT is stupid or incompetent at marketing . Just the opposite . Hell of a salesman .
     
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  17. It was definitely for the pistol-grip cane patent.
     
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  18. SALTY

    SALTY Gold Member Gold Member

    Mar 19, 2000
    I own, carry and use Cold Steel knives - have for a long time; I like them.
    I own and ride Harley Davidson motorcycles - have for a long time; I like them.
    I watched this CS video and feel less fulfilled than I did mere moments before watching it.


     
  19. not2sharp

    not2sharp Gold Member Gold Member

    Jun 29, 1999
    That would be an upgrade for the forums. We should have a shrink available online to conduct group therapy. Now where can we get a really big virtual couch?

    n2s
     
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  20. MolokaiRider

    MolokaiRider Gold Member Gold Member

    Sep 13, 2017

    That’s quite a interesting premise. Who knows? Business cultures and tactics are fascinating and unpredictable sometimes.

    At the end of the day, the new owners will do what they think will yield the highest rate of return. The question being if it will be a sustainable rate.

    I think in many cases, investment companies like this capitalize on the existing brand baselines by offering up products that are less expensive to produce. Eventually people realize they are not high quality and the brand denigrates to cheap junk that is sold at big box stores.
     
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