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Financial

Gibson Makes Coupon Payment; CFO is Out

February 8, 2018 by Ted Leave a Comment

Debt Holders Increasingly Anticipate Bankruptcy Filing

Logo for Gibson BrandsGibson Brands announced at the end of last week that it had successfully completed a $16.6 million coupon payment to holders of its $375 million 8.875% senior secured notes due 2018. This news, a seemingly positive development for the company, really only means that they get to march forward towards their mid-year debt maturities – the big event. But, for the moment at least, they are stayin’ alive.

However, Gibson’s CFO has left the company… [Read more…] about Gibson Makes Coupon Payment; CFO is Out

Filed Under: Brands, Financial, Manufacturers, News Tagged With: Chelsea Frankel, debt, financing, Gibson Brands, Gibson Guitar, Henry Juszkiewicz, Reorg Research

Thiel is Toast, Specialty Audio Takes Another Hit

January 17, 2018 by Ted 74 Comments

New Thiel logo black backgroundAfter a tumultuous five-year period, which began in 2012 when Thiel was sold to Tennessee private investor David B. Griffin, we can now confirm that Thiel Audio has been closed for good. Failing some kind of 11th hour rescue, another great American audio brand will be relegated to the dustbin of history.

See what we know of the closing of Thiel Audio… [Read more…] about Thiel is Toast, Specialty Audio Takes Another Hit

Filed Under: Brands, Financial, Management, Manufacturers, News, Pivot Point Tagged With: Bob Brown, James Thiel, Jim Thiel, Kathy Gornik, Stephen DeFuria, Thiel, Thiel Audio, Tom Malatesta, Tom Thiel

Recent Purchaser of Gibson Brands Properties Files Lawsuit

January 17, 2018 by Ted Leave a Comment

Gibson Valley Arts buildingAnd They Said It Wouldn’t Last; Hearing Set for This Friday

Somera Road, Inc., a real estate investment firm that has recently purchased several properties from Gibson Brands, Inc., has filed a lawsuit against the company seeking to enforce a purchase agreement that they say Gibson has violated.  The lawsuit was filed in Nashville, Tennessee in the Davidson County Chancery Court, according to a report by the Nashville Post.

See more on this eruption of war between Gibson and its new partners… [Read more…] about Recent Purchaser of Gibson Brands Properties Files Lawsuit

Filed Under: Financial, Law, News Tagged With: Gibson Brands, Gibson Guitar, Somera Road

Gibson Stuns Again; Pulls Out of NAMM Show

January 10, 2018 by Ted Leave a Comment

Photo of Gibson's Tokyo Showroom

A little more than a month ago, Gibson stunned the music world by abruptly shutting down Cakewalk, a music software company it had acquired in 2013. Now the music industry is abuzz again, after an announcement from Gibson Brands that it has decided to pull out of the NAMM show – the biggest music industry tradeshow, taking place at the Anaheim Convention Center January 25-28. Gibson Guitars is one of the top guitar manufacturers in the world, and the thought of a major music industry tradeshow without their representation has tongues wagging throughout the industry, with plenty of speculation about the “real” reason Gibson chose to pull out.

See more on this surprising news by Gibson… [Read more…] about Gibson Stuns Again; Pulls Out of NAMM Show

Filed Under: Financial, Manufacturers, News, Pivot Point, Strategy Tagged With: GearNews, Gibson Brands, Gibson Guitar, MusicRadar

Classé Rises Again as Part of Sound United

January 9, 2018 by Ted Leave a Comment

Sound United logoSound United announced yesterday it had completed the acquisition of shuttered high-end brand Classé Audio from former owner Bowers & Wilkins. Terms of the deal were not disclosed. The announcement confirms the deal of which Strata-gee reported last month when Sound United quietly entered negotiations to buy the brand.

See more on this news which breathes new life into Classé… [Read more…] about Classé Rises Again as Part of Sound United

Filed Under: Brands, Financial, Manufacturers Tagged With: acquisition, Boston Acoustics, Classe, Dave Nauber, Definitive Technology, Denon, HEOS by Denon, Kevin Duffy, Marantz, Polk Audio, Polk Boom, Sound United

Control4 Acquires Ihiji Validating Importance of Remote Management

January 3, 2018 by Ted Leave a Comment

BREAKING NEWS

Control4 logo, newControl4 announced today that it has acquired remote system monitoring and management pioneer Ihiji of Austin, TX. The terms of the transaction were not disclosed. The deal sends a strong signal of the growing importance of remote installation monitoring and management systems for integrators moving forward.

See more on this new acquisition by Control4… [Read more…] about Control4 Acquires Ihiji Validating Importance of Remote Management

Filed Under: Brands, Financial, Industry Trends, Tech Trends Tagged With: Control4, Ihiji, Martin Plaehn, remote monitoring, Stuart Rench

Surprise! Sound United Makes Bid to Acquire Classé

December 14, 2017 by Ted Leave a Comment

BREAKING NEWS

Will High-End Classé Represent Sound United’s Crown Jewel?

Classe logoJust when you thought it was all over, Strata-gee has learned that a new suitor – Vista, CA-based Sound United – has emerged to make a bid to acquire Classé Audio from current owner B&W Group. Classé was shut down by B&W on October 6th, as we reported at the time. However, because the company was still sitting on a relatively significant level of inventory – and was considering producing an additional small run of certain models to balance out their inventory to facilitate liquidation – B&W executives often maintained it was still in business.

When deals with three previously interested parties failed to come to fruition, B&W made the decision to close Classé’s Montreal headquarters, dismiss all Classé staff, and turned over service and support functions to B&W facilities.

See more on this surprising development for Classé… [Read more…] about Surprise! Sound United Makes Bid to Acquire Classé

Filed Under: Brands, Financial, Manufacturers, News, Pivot Point, Specialty, Strategy Tagged With: B&W Group, Bain Capital, Boston Acoustics, Bowers & Wilkins, Charlesbank Capital Partners, Classe, D&M Holdings, D+M Group, Definitive Technology, DEI Holdings, Denon, HEOS, HEOS by Denon, Marantz, Polk Audio, Sound United

Gibson Cuts Debt Deal to Delay Payment Date

December 13, 2017 by Ted Leave a Comment

Logo for Gibson BrandsGibson Brands has reached a deal with GSO Capital Partners, one of its existing lenders, in order to push back a loan payment by approximately two weeks to December 15th. The reason for the move was to try and time the payment such that it arrived later in the holiday season for better timing relative to their anticipated cash flow.

See more on this new, if temporary, debt deal… [Read more…] about Gibson Cuts Debt Deal to Delay Payment Date

Filed Under: Brands, Financial, Management, News, Pivot Point, Strategy Tagged With: Blackstone Group, debt, Gibson, Gibson Brands, Gibson Guitar, GSO Capital, Henry Juszkiewicz

Gibson Successfully Sells Memphis Factory

December 13, 2017 by Ted Leave a Comment

Gibson's Memphis factoryFrom our boy-that-was-fast department, Gibson Brands announced it has booked a deal to sell its Memphis factory/showroom. This facility, which is located in the heart of Memphis’ downtown right near the main entertainment district, had just been put on the market as we told you in our post of November 2nd.

See more on this latest Gibson Brands news… [Read more…] about Gibson Successfully Sells Memphis Factory

Filed Under: Brands, Financial, Industry Trends, Management, News, Pivot Point, Strategy Tagged With: Gibson, Gibson Brands, Gibson Guitar, Henry Juszkiewicz, Somera Road, Tricera Capital

Gibson Stuns the Music World, Shuts Down Cakewalk

November 30, 2017 by Ted 5 Comments

Acquired in 2013, Cakewalk was Killed for Philips, Gibson Says

Cakewalk logoIn what many in the industry are suggesting is yet another indicator of struggles at Gibson Brands, the company announced a little over a week ago that it would wind down operations at Cakewalk Inc., a popular music creation software company it owns. Music industry-centric websites around the internet exploded with largely critical coverage of the move, and comments on Cakewalk’s website are decidedly negative – both sad and angry – as customers seek to process the shocking news.

See more on yet another move by struggling Gibson…

[Read more…] about Gibson Stuns the Music World, Shuts Down Cakewalk

Filed Under: Brands, Financial, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: Cakewalk, Gibson, Gibson Brands, Gibson Guitar, Henry Juszkiewicz, Integra, Noel Borthwick, Onkyo, Pioneer, Teac, Teac/Tascam

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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