Just what is going on with Gibson and what could its future hold?
It’s been a painful, gradually unfolding process and impossible to ignore, but the revelations regarding Gibson’s calamitous financial woes in the last year have made for depressing reading. There’s been a host of misinformation online too, including everything from how culpable its CEO might be to whether Bonamassa could bail them out. Ultimately, we just need to know how Gibson got here and how deep of a hole it’s in.
Has Gibson really filed for bankruptcy?
Following debts of around $375m (£276m) Gibson Brands Inc filed a case under chapter 11 of the United States Bankruptcy Code last month. This is also known as a reorganisation bankruptcy and is commonly filed by corporations that require some time to hold off their creditors so they can restructure debts they have amassed. It can give the debtor, in this case Gibson, the chance to fulfill obligations under a plan of reorganisation and put their house in order.
Bu hikaye Guitarist dergisinin July 2018 sayısından alınmıştır.
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Bu hikaye Guitarist dergisinin July 2018 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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QUICK CHANGE
As Gibson finally adds some Quick Connect pickups to its Pickup Shop line-up, Dave Burrluck revisits this simple no-solder method to mod your Modern guitar
Return Of The Rack
A revered rackmount digital delay makes a welcome comeback in pedal form.
Pure Filth
This all-analogue preamp pedal based on Blues Saraceno's amp is a flexible powerhouse with a variety of roles.
Reptile Royalty
From Queen to King - there's another Electro-Harmonix royal vying for the crown of octave distortion
Tradition Revisited
Line 6 refreshes its Helix-based modelling amp range by doubling the number of available amp voicings - and more
Ramble On
Furch's travel guitar folds down so you can transport it in its own custom backpack and, the company claims, it returns to pitch when you reassemble it. Innovation or gimmick?
Redrawing The 'Bird
A fascinating reimagining of one of Gibson's more out-there designs, the Gravitas sticks with vintage vibe and mojo. Oh, and that sound...
1965 Fender Jazz Bass
\"They made them later on, but it's not something I've ever seen this early.
Boss Cube Street II
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STILL CRAZY
One of the most creative yet reliably great-sounding effects makers out there, Crazy Tube Circuits grew out of a fetish for old valve amps. We meet founder Christos Ntaifotis to find out more