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Thread: Gibson (of Gibson guitars) declares bankruptcy

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    Senior Member KenOC's Avatar
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    Default Gibson (of Gibson guitars) declares bankruptcy

    Is this the right place to post this? "Gibson Brands filed for bankruptcy with a turnaround plan that will give some of the company’s lenders equity ownership of the iconic American business that’s supplied guitars to B.B. King, Elvis Presley and Pete Townshend."

    https://www.msn.com/en-us/money/comp...cid=spartanntp


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    Senior Member EddieRUKiddingVarese's Avatar
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    Better go check out and see if they are having a clearance sale
    "Everyone is born with genius, but most people only keep it a few minutes"
    ÉddïéRÛKíddîngVãrèsë! -I got a dog and not sure what to call it DoggydogdogMcDogface maybe............

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    I remember raising some eyebrows when they bought some Audiophile electronic companies. Reportedly the debt incurred and the losses of the companies is what led to the bankruptcy

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    Senior Member KenOC's Avatar
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    Quote Originally Posted by Triplets View Post
    I remember raising some eyebrows when they bought some Audiophile electronic companies. Reportedly the debt incurred and the losses of the companies is what led to the bankruptcy
    Yes, that's mentioned in the article referenced. Sometimes bad decisions actually have consequences!


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    Senior Member Rogerx's Avatar
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    Quote Originally Posted by KenOC View Post
    Is this the right place to post this? "Gibson Brands filed for bankruptcy with a turnaround plan that will give some of the company’s lenders equity ownership of the iconic American business that’s supplied guitars to B.B. King, Elvis Presley and Pete Townshend."

    https://www.msn.com/en-us/money/comp...cid=spartanntp
    All things die down one day, even we all, whether we like it or not.

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    Senior Member elgars ghost's Avatar
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    I hope things work out and Gibbos continue to be made, even if they're owned by someone else.

    The world needs more guitars like this...







    ...and less like this...



    Last edited by elgars ghost; May-02-2018 at 13:11.
    '...a violator of his word, a libertine over head and ears in debt and disgrace, a despiser of domestic ties, the companion of gamblers and demireps, a man who has just closed half a century without a single claim on the gratitude of his country or the respect of posterity...' - Leigh Hunt on the Prince Regent (later George IV).

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    Senior Member EddieRUKiddingVarese's Avatar
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    I almost brought one shaped like an Airstream once

    van_1.jpg
    "Everyone is born with genius, but most people only keep it a few minutes"
    ÉddïéRÛKíddîngVãrèsë! -I got a dog and not sure what to call it DoggydogdogMcDogface maybe............

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    Senior Member Merl's Avatar
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    One of cats is called Gibson (just saying). Also have Fender and Aria. Unfortunately Tokai got ran over last year.

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    Senior Member Dr Johnson's Avatar
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    I'm sure that someone will rescue the guitar part of Gibson.
    'In our way, Johnson strongly expressed his love of driving fast in a post-chaise. "If (said he) I had no duties, and no reference to futurity, I would spend my life in driving briskly in a post-chaise with a pretty woman;"' Boswell's Life of Johnson.

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    Senior Member Room2201974's Avatar
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    Quote Originally Posted by Dr Johnson View Post
    I'm sure that someone will rescue the guitar part of Gibson.
    Ah, but which guitar part? I'm not sure the acoustic necks were ever worth saving!
    "He who makes songs without feeling spoils both his words and his music. " ~ Guillaume de Machaut

    "It is insulting to address anyone in a language which they do not understand." ~ Benjamin Britten

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