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Author Topic: Gibson files Chapter 11  (Read 555 times)

Offline bigcity2

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Gibson files Chapter 11
« on: May 01, 2018, 04:25:25 PM »
Not a good day for Gibson guitars.  Maybe Jamm Industries / Washburn is better positioned to survive this downturn in the retail music marketplace.  (I was wondering who could afford a $3,600.00 Gibson LP standard.....apparently no one)
FWIW....Fender is struggling also....and has been for some time.

« Last Edit: May 03, 2018, 04:05:29 AM by bigcity2 »

Offline Tony Raven

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Re: Gibson files Chapter 11
« Reply #1 on: May 03, 2018, 03:10:09 AM »
Actually, it's NOT a downturn time in the market. ;D Right this moment is a crest. My investments are all doing better than last December; my employer literally can't hire people fast enough, due to the low unemployment figures. This will likely result in a recession by 2020, but right now it's good.

Henry Juskiewicz over-expanded Gibson Brands into too many non-core areas like home audio, & now the bills have come due.
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