#46
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Yep...and the quality is still running high in Bozeman. I bought a J-45 during the Ren era and just bought a new one this year, post-Ren. Both fantastic guitars...
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Walker Clark Fork (Adi/Honduran Rosewood) Edmonds OM-28RS - Sunburst (Adi/Old Growth Honduran) |
#47
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Often times bankruptcy is a way to cheat and fraud creditors.
When companies do this just to take advantage of the system and hurt creditors, their name is never the same even if they come back. Gibson, if/when it comes back, will not be the same. It won't have the same respect as it had before. In fact, it already lost it when it filed for bankruptcy.
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Acoustic-Electric: Yamaha FGX800C, Jim Dandy. Seagull S6. Electric: Schecter C1+, Aria Pro II Fullerton. |
#48
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I think it was published a year ago
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Jasper "Thomas of NH" Guitar Playing, learning .. the acoustic guitar. Eastman E8D "the Fox" Taylor 414ce "Baby T" |
#49
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I reviewed PACER (electronic filing records for US Federal Courts) about for the Gibson bankruptcy case. About a dozen different chapter 11 cases were filed today, all affiliates or subsidiaries. The main case is In re Gibson Brands, Inc., US Bankruptcy Court (Delaware) Case No.18-11025-CSS. So far, the filings in the case are standard chapter 11 first day motions, generally seeking authority to continue operations, pay employees, pay critical vendors, continue insurance and warranty programs, post petition financing, etc. There is also a motion to administratively consolidate the various separate chapter 11 cases entitled Motion for Joint Administration Filed by Baldwin Piano, Inc., Cakewalk, Inc., Consolidated Musical Instruments, LLC, Gibson Brands, Inc., Gibson Cafe & Gallery, LLC, Gibson Europe B.V., Gibson Holdings, Inc., Gibson Innovations USA, Inc., Gibson International Sales LLC, Gibson Pro Audio Corp., Neat Audio Acquisition Corp., Wurlitzer Corp.
Most of the bankruptcy paperwork required of Gibson (e.g., asset lists, creditors lists, statement of financial affairs) have not been filed yet. |
#50
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It's not so bad after all, they've simply gone out of tune.
Gibson guitar firm goes out of tune 3 hours ago Gibson, whose electric guitars have been played by stars including Elvis Presley, Keith Richards and Jimmy Page, has filed for bankruptcy protection amid the weight of a $500m debt pile. Lenders will take control of the Nashville-based company, which was founded in 1894. It made an ill-fated acquisition of Philips' consumer audio division four years ago for $135m. Gibson will wind down that business and plans to focus on musical instruments. Chief executive Henry Juszkiewicz, who bought the company in 1986, said the Chapter 11 filing would assure the company's "long-term stability and financial health". |
#51
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But Ren really hasn't been the same since he and Stimpy split up.
I think this restructuring will be a good thing and most likely it was the chief shareholders that decided Henry needed to go and this is the way of getting him out. My dad's J45 is the first guitar I ever heard and that was before I was born so Gibson guitars hold a special place in my heart. I'm hopefully optimistic that this is the turnaround they need.
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'59 Gibson J-45 "Spot" '21 Gibson LG-2 - 50's Reissue '94 Taylor 710 '18 Martin 000-17E "Willie" ‘23 Taylor AD12e-SB '22 Taylor GTe Blacktop '15 Martin 000X1AE https://pandora.app.link/ysqc6ey22hb |
#52
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is filed. Think of a company that makes parts for guitars. Gibson owes them a lot. rct |
#53
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Except for Fender |
#54
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The only thing we can be sure of is that big changes are coming.
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Wayne J-45 song of the day archive https://www.youtube.com/playlist?lis..._Zmxz51NAwG1UJ My music https://soundcloud.com/waynedeats76 https://www.facebook.com/waynedeatsmusic My guitars Gibson, Martin, Blueridge, Alvarez, Takamine |
#55
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So, are we looking to a Marson J-28 any time soon?
Or even a Gibtin D-45
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NOT from Queen - he's much cleverer I am English, so are all my spellings Two guitars I'm happy with . . . Last edited by brianmay; 05-01-2018 at 01:32 PM. Reason: Spelin |
#56
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#57
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Henry Junk-O-wicz is out!
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Classical guitars, flat top steel string A few banjos and mandolins Accrued over 59 years of playing |
#58
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1978 Yamaha FG-331 2020 Recording King ROS-09-TS 2007 Alvarez RF20SM 1936 Supertone 233 "Hawaiian Belle" 1930s Harmony Mandolin Instagram: new_york_albertan |
#59
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Gibson jumped the shark long ago. The good news is that there are a ton of old Gibsons in the marketplace and they are, save for a few exceptions, generally a lot more affordable than their peers in the vintage market. I’ve got a lot of Gibsons, but they’re all from Kalamazoo. The Real Gibson’s been dead for decades.
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