Gibson circling the drain financially

Discussion in 'Guitars in General' started by daa2202, Feb 13, 2018.

  1. daa2202

    daa2202 Silver Supporting Member

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  2. T Dizz

    T Dizz Member

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    Quick, cut some open-book headstocks on those Epis!!:drown
     
  3. amstrtatnut

    amstrtatnut Member

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    Ive got my Les Paul.

    Hate to sound mean but, Im set.
     
  4. captwillard

    captwillard Member

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    Blah, Blah, Blah. As the article states, they have a stable business...just need to shore up the balance sheet and trim some fat.
     
  5. aiq

    aiq Supporting Member

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    Circle the wagons!
     
  6. jblake

    jblake Member

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    We can only hope they drop sooner rather than later.

    I don't say that because I dislike Gibson, but because I think businesses need to be allowed to fail when things aren't working. It could be a bank or a car manufacturer, whatever. If the business model isn't working and the people in charge can't figure out how to make it work, the company needs to be liquidated and someone else given a chance to try and make it work. There is a way for Gibson to increase profits, QC, and brand satisfaction, but Henry J. is not going to be the person to make that happen. Burn it all down and let someone with a passion for the company buy it cheap and build it better.
     
  7. Brian N

    Brian N Member

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    Gibson will not cease to exist. Even the article said "someone will take control of the company". Worst case scenario, they will get sold and new management will take over. The brand name is worth too much for the bond-holders and debtees to just throw away.
     
  8. FenderBigot

    FenderBigot Supporting Member

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    Oh cool, I almost forgot ... it's been a couple weeks since this topic was on page one of new posts! :aok
     
  9. Drew816

    Drew816 Supporting Member

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    Good to see the weekly Gibson is in trouble thread has arrived, it was running a little late this week! ;)

    The only Gibson I own is from 1970 so I’m not their target audience, but I don’t like to see any group go under and hope for the best.
     
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  10. Lt Dak

    Lt Dak Supporting Member

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    This is news to me.
     
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  11. Telefunky

    Telefunky Member

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    The "Gibson brand" of today bears no relation or resemblance to the company that many of us associate with the name. When guitar players think "Gibson" we recall the golden era instruments of the 50s and 60s, created by brilliant legends like Ted McCarty, Seth Lover, and Les Paul.

    Today's "Gibson" is nothing more than a business conglomerate who bought a logo and an open book headstock patent. Their products represent a greedy cash grab capitalizing on the innovations and accomplishments of a once great, but long defunct stringed instrument maker.

    So don't worry guys. The brand will soon be in someone else's hands and "Gibson" will be right back in business, which in this case is to make money, not to make instruments.
     
    Last edited: Feb 13, 2018
  12. Maggot

    Maggot Supporting Member

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    Couldn't have happened to a more scattershot company!
     
  13. standard24

    standard24 Member

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    Fender will buy Gibson and add it to their stable of brands.

    I think Paul Reed Smith might be able to re-invent Gibson, and take them to a new "Golden Age".
     
  14. Papanate

    Papanate Gold Supporting Member

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    Leveraged/Managed Debt is a lot different than what this article
    is saying. Gibson is managing their debt - and obviously (or not)
    they are not going to drop any money until they absolutely
    have too.

    What do they care?
     
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  15. Rocco Crocco

    Rocco Crocco Member

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    Maybe Yamaha/ Line 6 will buy Gibson and we'll get a Les Paul Variax. To piss off the traditionalists even more, I will install a Floyd on mine.
     
  16. Dr.Picklebottom

    Dr.Picklebottom Member

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    all theyd have to do is start manufacturing in another country and theyd be fine. either way TGP will bitch about the quality.
     
  17. MoPho

    MoPho International Man of Leisure Silver Supporting Member

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    Gibson, as the brand it once was is now a hodge-podge of poor investments by a knucklehead CEO. He may have needed to hook up with some of these random companies as I understood funds were pumped into Gibson, but this hodge-podge isn't what Gibson is. They need to spin off these other random "lifestyle" companies and get focused on what's real...what they're known for. Successor owners don't want to own the crap heap of brands Gibson has amassed over the last couple of/several years. Sorry Harry, your dream chasing is over. Maybe the new owners will recognize that sales of $5000+ guitars is also not a realistic strategy with the dirth of instruments and a dwindling market available to them.
     
  18. Tag

    Tag Gold Supporting Member

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    Agree. The core business is solid.
     
  19. tenchijin2

    tenchijin2 Member

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    Quick, we're nearing the end of page one and no one has made any really nasty remarks about Henry!!!! TGP, don't fail me now! No Gibson thread can go past page 1 without insulting Henry!
     
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  20. aiq

    aiq Supporting Member

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    Hey if true those cheap bursts glutting the market from boomers croaking will triple in value instead!
     
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