Tuesday, 1 May 2018

Gibson Files for Bankruptcy in Deal to Renew Guitar Business

quote [ The Chapter 11 filing on Tuesday in Delaware keeps Gibson in business but gives ownership to noteholders, replacing stockholders that include Chief Executive Officer Henry Juszkiewicz, the company’s leader for more than three decades. According to court filings, current noteholders include Silver Point Capital, Melody Capital Partners and funds affiliated with KKR Credit Advisors. ]

Follow up to Daves post in February I'm a Fender and Gretsh guy myself, but I do love to tune a drop-E flat on my Les Paul.

They are also dropping that disastrous Philips mistake, which was a complete black hole that they would shovel money into.
[SFW] [business] [+4 Informative]
[by knumbknutz@9:07pmGMT]

Comments

robotroadkill said @ 11:53pm GMT on 1st May
It's Adult Swim's fault for canceling Metalocalypse.
knumbknutz said @ 12:26am GMT on 2nd May
Plus VH1 did away with "metalmania weekend!"
Ankylosaur said @ 12:38am GMT on 2nd May [Score:1 Funny]
But mostly it's Trump threatening a trade war over metal.
ComposerNate said @ 7:14am GMT on 2nd May
The nicest electric guitar I've played was a Gibson Les Paul Black Beauty, spoiling me for all others with its smoothness, weight, response. At $5500, I'm instead an acoustic player.
mechanical contrivance said @ 1:02pm GMT on 2nd May [Score:1 Underrated]
Les Pauls are uncomfortable to me. I prefer the flat top of an SG.
arrowhen said @ 6:27pm GMT on 2nd May
The only thing I don't like about SGs is the position of the strap button. If I ever get one again I think I'd move it to the upper horn, Tony Iommi style.
mechanical contrivance said @ 6:33pm GMT on 2nd May
I can see why some people wouldn't like that, but it's never been a problem for me.

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