Gibson Says, Sorry Memphis, We’re Outta Here

Just a matter of months ago, Gibson Brands management assured the town elders of Memphis, TN that the company remained committed to the vibrant music community in Memphis and that they were looking for new digs somewhere within that community. … Continue reading

Gibson to Emerge from Bankruptcy & Stop Singing the Blues

With Old Debt Gone, A New Leader & Team Arrives Gibson Brands is on the verge of emerging from bankruptcy a much healthier business in many respects – with less debt, more money in the bank, and a new leader … Continue reading

Gibson Begins Leadership Makeover w/New CFO

Gibson Brands’ Chapter 11 bankruptcy proceedings have continued to incessantly march forward, the gritty work of a large scale matter such as this occurring mostly in the background. However, occasionally a major factor emerges to be picked up by the … Continue reading

Gibson, Protected from Creditors, Still Loses Money

News of Gibson’s $10M Monthly Loss Gives Some Pause Gibson Brands, Inc. declared bankruptcy on May 1, 2018, thereby placing themselves in Chapter 11 protection from creditors. Now under the guidance of bankruptcy court, the company buys itself time to … Continue reading

Gibson Investment Gone, Onkyo Sells Off European Operations

In Restructuring, Company Scales Back to ‘Core Competencies’ All the way back in 2012, Onkyo Corp. and Gibson Guitar Corp. came together to partner in what both hoped would become an entity where the whole was greater than the sum … Continue reading

Gibson Hits a Sour Note with Philips & Creditors

Gibson, as Strata-gee previously reported, filed for bankruptcy protection on May 1st in a pre-negotiated package with principal noteholders of the company’s substantial debt – debt that was now in default. But while that deal suggested a smooth path for … Continue reading

Painting the Gibson Bankruptcy by the Numbers

We have been closely following – first Gibson Guitar and then Gibson Brands – from their decision in 2012 to shoot for the stars by using OPM (other people’s money) to make highly leveraged…and highly questionable…acquisitions of various consumer electronics … Continue reading

Docs Show Gibson Bankruptcy Bigger Than You Think

Founded in 1894, it is a mark of their long-term brand success that Gibson has become such a large and far-flung international organization. In a cursory review of documents submitted to the court as part of their bankruptcy filing shows, … Continue reading

Gibson Brands Files for Bankruptcy

BREAKING NEWS Filing Pre-Negotiated with Bondholders, CEO & Pres Stay thru Transition Gibson Brands Inc. announced today that it has filed for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code. Chapter 11 denotes the company plans a reorganization and … Continue reading

A Gibson Pile-On: Now Hit With a $50 Million Lawsuit

Gibson Brands CEO Henry Juszkiewicz has been very busy lately as he scrambles to arrange a $550 million bailout package in a desperate attempt to avoid bankruptcy for the storied brand. But he’s about to get a little busier as … Continue reading