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Gibson files for bankruptcy


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I'm guessing a smaller, more focused company will emerge, but I wouldn't hold out much hope in the long run. Technology + changing tastes + aging core market + durability and availability of old guitars = someone will buy the name and some assets, and attach it to some Chibsons and a small Custom Shop to try to squeeze some cash from the purchase.

They'll probably go the way of Schwinn, who also ignored a changing marketplace and kept the factories churning out nostalgia merch of wildly varying quality.

Now you see the Schwinn name attached to shitty skates as target.

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Damn.  Almost nothing they've done in probably 10 years or more has appealed to me, and I despise Henry's dumb ass, but I'm still sad about this.  I have 7 older Gibsons and like them all.  I sincerely hope they can find a way out of this mess.

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Wow! It's real this time.

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"The Gibson name is synonymous with quality and today’s actions will allow future generations to experience the unrivaled sound, design and craftsmanship that our employees put into each Gibson product," Juszkiewicz said in a statement.

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9 minutes ago, MCChris said:

 

I'll give him this, he knows how to promote himself. What his business background is, who knows. Maybe he would be good at it, maybe he won't. Perhaps he'll be smart and surround himself with people to consult with him who know how to get things right over there.

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23 minutes ago, gtrdaddy said:

I'll give him this, he knows how to promote himself. 

Yeah, this is almost a Gene Simmons-esque move.

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I would venture to say Bosamanna knows nothing about running a manufacturing company.  His role would be simply to be the new face of the company, he'd have to bring in a strong team to do the actual work while he is out touring, etc. 

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18 minutes ago, scottcald said:

Joe doensn't have the kind of money these investment bankers and such have.  

Indeed. This is yet another publicity play.

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16 minutes ago, kizanski said:

"Legendary"?

That would make him legendary for sure. Haha. I think it would be a cool thing. At least Joe understand guitars. 

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4 minutes ago, Disturber said:

That would make him legendary for sure. Haha. I think it would be a cool thing. At least Joe understand guitars. 

Right, but let's see him do it first, before we're carelessly throwing around adjectives like "legendary," when describing a musician that most musicians never even heard of.  

Really, outside of guitar nerds and the girlfriends they drag to his gigs, how is he legendary?

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