Gibson Files for Bankruptcy

Discussion in 'General Music Discussion' started by Dredg, Aug 25, 2017.

  1. The906

    The906 Hella rad Contributor

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    I'm not a CFO or anything but when its a pile of financial shite, don't they (the lenders) liquidate/auction off anything they can then write off the rest and let it cease to exist?
    Who would buy Gibson's name? Yamaha? Amazon? Nelson J. Rockefeller?
     
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  2. Dineley

    Dineley SS.org Regular

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    I assume the biggest asset that Gibson has is the brand name/identity. Making and selling guitars with that name on them, with proper management, will be the only way to ever recoup the value of the debt, doubt they have enough assets to seize.
     
  3. Avedas

    Avedas SS.org Regular

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    They're not filing for bankruptcy yet. And also they've already been selling factories and other assets, but it doesn't seem like it'll be enough to cover their debt that matures in July, at which point at this rate they'll default.
     
  4. USMarine75

    USMarine75 Doc McStuffins (*Block version, not sig) Contributor

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    Your opinion. I love them.

    My SG HP 2018 only cost me $1800 new. Hardly overpriced by any stretch. Same price range or less than a MIJ ESP Viper.

    Gibson is comparatively priced with it's competitors... PRS, Knaggs, etc. The only (important) difference is Gibson must fix their considerable QC issue.

    The Modern is priced at $3999, which would be a fair price for an established model. Their mistake is they should have launched it at $2999 to get them out there in the market. They would be a direct competitor to the EVH Wolfgang Deluxe. Their other fail IMO is that, being the "Modern", they should have attempted to lure in the next generation with easy "hotrodded" mods, like adding BKP (Gibson loves their own pickups too much to do this though), or even offering a 7-string or 25.5" models. Gibson has made killer 7 string V and SG models before, why not now.

    Exactly this. I have no answer for you. Maybe that they PLEK the guitar is how they can claim that the guitar "will" (i.e. should?) be fine once you set it up properly? But yeah I was like what is this garbage and I sent a couple back to MF until I realized they all come this way! I couldn't understand why they wouldn't stay in tune, until it was pointed out to me. But I still don't like it... :noplease:
     
    Last edited: Feb 15, 2018
  5. The906

    The906 Hella rad Contributor

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    and Default is the beginning of Chapter xx proceedings, lawyers, judges forfeiting assets, etc? Or the lenders could extend again or something I guess. Its their money. This speculation is a bit maddening, I should refrain.
     
  6. BenjaminW

    BenjaminW SS.org Regular

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    I saw something like this on Ultimate Guitar yesterday and one of the guys commented on what if Fender bought Gibson? Anyone have thoughts on that statement?
     
  7. Ebony

    Ebony Blastology

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    [​IMG]
     
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  8. jwade

    jwade Doooooooooom

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    It would be rad if Ibanez bought Gibson so they could start doing SGs again :lol:
     
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  9. USMarine75

    USMarine75 Doc McStuffins (*Block version, not sig) Contributor

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    Or for that matter ESP...

    Then they should force Gibson to rename all of their products to Lawsuit LP and Lawsuit SG lol.

    [​IMG]
    #KARMA
     
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  10. BenjaminW

    BenjaminW SS.org Regular

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    I'm afraid I'd have to agree with you on that. The best Gibson honestly can do to save themselves is to get a new owner, up the quality, or lower the prices. Even all three.
     
  11. Andrew Lloyd Webber

    Andrew Lloyd Webber Super Duper Moduraturr

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    Gibson themselves want the rumor that their enemy considers them worth buying to grow legs.

    The ideology pushed by every Youtuber over 40 is that “Gibsons retain their value - They are NOT going anywhere.”

    Both claims are true: The same guys keep selling their Gibsons to one another, and none of them want to acknowledge the notion that their pool is shrinking. And Gibson has indeed spent the last fifty years not going anywhere: Their 1968 marketing strategy was to tell people that their discontinued 1959 products were hip to own, because “this clapton guy.” And they’ve stuck with it since.
     
    Last edited: Feb 16, 2018
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  12. The906

    The906 Hella rad Contributor

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    Fender buys Gibson.
    Introducing the Gibson FunPaul, available at Walgreens and Dollar General.
     
  13. nyxzz

    nyxzz SS.org Regular

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    amazon buys gibson and introduces the amazon basic guitar line
     
  14. JSanta

    JSanta SS.org Regular

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    I mentioned this previously, but unless Fender's financial situation has massively improved, they themselves were unable to launch their IPO because of debt. I would be really surprised if they were the ones to make the purchase.
     
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  15. Dineley

    Dineley SS.org Regular

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    They have a big windfall coming from everyone replacing their out of date Juggernauts with the refreshed model.
     
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  16. iamaom

    iamaom SS.org Regular

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    Maybe BC Rich and Gibson should have a merger and produce Gibrich guitars, you can't go wrong with a $5k Les King Single Cut Warlock in tobacco bloodburst.
     
  17. cip 123

    cip 123 SS.org Regular

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    Don't forget the abalone fretboard with rosewood tribal inlays
     
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  18. BenjaminW

    BenjaminW SS.org Regular

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    I'll take that through a Line 6 stack with a Metal Zone please!
     
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  19. Lord Voldemort

    Lord Voldemort SS.org Regular

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    Dude, show me a competitor that's offering a guitar with an unfinished (slightly finished?) Les Paul body and a single P-90 pickup for $4900. I'll wait.

    They have some instruments that are reasonably priced (what I'd say is like, Fender Priced), I've owned a couple. But they have plenty of instruments that are absurdly priced.
     
  20. GuitarBizarre

    GuitarBizarre Listen to physics.

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    Gibson don't even slightly compete with Knaggs. Even their best instruments are firewood in comparison.
     

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