Gibson files for bankruptcy

[davidd]

Protection.....

https://www.bloomberg.com/news/articles/2018-05-01...

It'll be interesting to see what happens to the guitar business. Fingers crossed it gets a good kick up the arse.

D

Edited by davidd on Tuesday 1st May 15:43

[pitboard]

Paying the price for gross mismanagement and poor quality. We have 2 Gibsons in the family, but I'd still laugh my socks off if Fender took them over.

[Elysium]

I have read suggestions that Gibson's problems stem from decisions in 2014 to expand into seemingly unrelated areas of consumer electronics:

https://andreweverard.com/2014/06/30/philips-consu...

They seem to have had a recent return to form in terms of guitar quality, with the last couple of years of epiphone Les Paul production being particularly good.

[Mastodon2]

Proof that if you want to sell Lada Rivas in an age of McLaren P1s, then you should at least make sure the Lada is well screwed together.

[andy_s]

Reminded me of this old ditty - Townsend - https://www.youtube.com/watch?v=ZUASUTR8Nv0