Gibson files bankruptcy

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Gibson files bankruptcy

Postby Arneb » Tue May 01, 2018 9:14 pm

I never played rhe guitar beyond the uncool three-chord stage on a bad classical instrument, bzt I totally get why this must be a sad day for a lot of people.

I read they are working on a restructuring plan
Good luck.
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Re: Gibson files bankruptcy

Postby tubeswell » Wed May 02, 2018 10:14 am

Seems like they overextended their many corporate fingers into too many diversification pies, and couldn't afford the cost of rationalisation of their newly acquired overseas interests.
Last edited by tubeswell on Wed May 02, 2018 7:28 pm, edited 1 time in total.
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Re: Gibson files bankruptcy

Postby Enzo » Wed May 02, 2018 11:11 am

But at least it is chapter 11 rather than chapter 7.
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Re: Gibson files bankruptcy

Postby g-one » Wed May 02, 2018 6:35 pm

Sounds more like restructuring than 'going under' from what I've read. They are ditching their 'gibson innovations' division (electronics, software, etc.) to return their focus to Gibson and Epiphone musical instruments.
Can only be a good thing as far as I'm concerned.
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Re: Gibson files bankruptcy

Postby Мастер » Fri May 04, 2018 1:16 am

Enzo wrote:But at least it is chapter 11 rather than chapter 7.


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Re: Gibson files bankruptcy

Postby Lance » Fri May 04, 2018 4:21 am

:glp-rimshot:

Mactep everyone. Try the veal.
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