Gibson files for bankruptcy

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Gibson files for bankruptcy

Post by Barry on Fri May 04, 2018 2:07 pm

It was inevitable I suppose.
Most guitar players/collectors have been aware for sometime now of the decline of the guitar shop, as well as the general lack of interest by the current generation in guitar music and learning how to play. Certainly, many of us have also commented on the apparent drop in quality control in the Gibson line of products.

Gibson has been in the news in the past few years for a variety of reasons, many of them legal, and of course they've made some dumb headed design releases and lousy business decisions on top of it all. As a Gibson owner since the 60's (!) it makes me sad to see such a proud heritage get Royally buggered like this.

Bankruptcy is not an end point though, it offers a respite from creditor obligations in the hope that they can get their collective poop together and emerge stronger and more focused on their core business. Which is what they should have been doing all along.
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Barry
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