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ChristopherSchlegel
Guitar Tricks Instructor
Joined: 08/09/05
Posts: 8,408
ChristopherSchlegel
Guitar Tricks Instructor
Joined: 08/09/05
Posts: 8,408
05/02/2018 1:06 am
Originally Posted by: john of MT

It's been a rough spring for guitar news. Guitar Center and now Gibson...

https://www.bloomberg.com/news/articles/2018-05-01/gibson-files-for-bankruptcy-with-deal-to-renew-guitar-business

That's been coming for a while. I'm surprised it hasn't happened sooner.

A while back I read that Gibson was buying up large & small companies in home audio, computer software & other things that were marginally related to their bread & butter (guitars!).

http://www.latimes.com/entertainment/music/la-et-ms-gibson-brands-guitar-henry-juszkiewicz-20170618-htmlstory.html

That article was from last year when they were still excited about turning Gibson into a "music lifestyle company". Maybe they just bit off more than they could chew?

Anyway, I wish them the best. Probably chapter 11 will let them reorganize, pay down their debt & get back to making guitars. :)


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