gibson guitars file bankruptcy papers

No surprise. Badly run company, quality control on their guitars has been a big problem for years - it was like they just didn't care anymore, at least not where mass production instruments were concerned.

good luck to em,

Saw a vid of theirs a few weeks ago of a new guitar. Similar to a destroyer but had all kinds of nonsense going on within it. Just looked a terrible idea.

eddie ate dynamite good bye eddie

As an investor, I've been fretting over this for a while.

Apparently, a result of poor management.  Several of the directors are now barred.

All that's left is for the insolvency practitioners to pick through the bones.

a bargain to be plucked from the liquidator?

Strumthing like that.

You can't run a company by robbing Peter to pay Les Paul.

Boom boom

That was sure to hooker few in.

It's a plucking shame, I like to buy a new one every week to add to my collection.

Ronnie Van Zant seen it a-comin' ...

https://www.youtube.com/watch?v=MRJMMQnB9vU

Not sure why so many people are strung up about it, a simple bridge loan should suffice.

who gives a flying v? I do

NME has gone as well

A very great shame....nobody wins (except the liquidators)and wish I never sold mine all those years ago!

I'll guarantee that JH will never sell his...just listen to it....
.
https://www.youtube.com/watch?v=rJ6h84ZsuW4

Just when business was about to pickup.

Sounds like the business has turned it up to Chapter 11

It's a shame that the board wasn't a solid body.

All very inventive but they could still be saved....

Might have to be some strings attached though!

Could perhaps get a bridgeing loan....

Someone could get it in the neck for this!

They should have got someone from another firm to marshall those directors.

Couldn't do that, as the reverberations would affect the whole of the industry!

They've been living off the brand name and churning out junk for years now. Problem for them was the market for higher end guitars wasn't there any longer and trying to compete with the Japanese and Chinese guitar makers with a US wage bill for mid range and lower end stuff was always going to be a non starter. They've just cut so many corners to save money that the quality control on their recent guitars has been poor since the early 2000's, innovation like robot tuners were never going to appeal to many guitar players at those prices. A mate of mine has just bought one of their overpriced tributes which are basically studios, poor finishing all over.

The self tuning Gibsons were a joke .

I read it wasn't really the music part that was dragging them under, they bought the philips consumer electronics division etc (didn't know about that).

lfc1971 • May 3, 2018 8:36 AM BST
NME has gone as well

If only Will Smith was Prime Minister, the government would have stepped in with a rescue package.

We'd have had an NME of the State.