- Is Gibson guitars going out of business?
- What's going on with Gibson guitars?
- Why is Gibson guitars going out of business?
Is Gibson guitars going out of business?
Gibson Guitars Names New Leadership And Exit From Bankruptcy : NPR. Gibson Guitars Names New Leadership And Exit From Bankruptcy On Tuesday, Gibson Brands — maker of those iconic guitars — announced a new leadership team to guide the company through its planned exit from Chapter 11 bankruptcy protection.
What's going on with Gibson guitars?
Iconic guitar brand Gibson vows to 'stay true' to historic roots after bankruptcy. ... Gibson found itself drowning in a $500 million debt — a byproduct of attempted expansion into consumer electronics and lifestyle branding. Entering chapter 11 bankruptcy, the company needed a lifeboat, and fast.
Why is Gibson guitars going out of business?
Gibson declared bankruptcy in May after admitting that its attempts to branch out into a guitar lifestyle brand — including acquiring an expensive home and audio electronics business in 2014 — had saddled it with untenable debt, forcing it to “unburden” itself and refocus on its core business of musical instruments.