Gibson Sells One Division & Cuts Staff in Another

The news and events surrounding troubled guitar and consumer electronics company Gibson Brands, Inc. seem to be moving at a rapid pace with almost daily revelations as the company struggles to survive ahead of a massive debt due-date just a … Continue reading

Of Gibson, S&P Says: ‘Default is Imminent’

S&P Global Ratings, part of top credit rating agency Standard and Poor’s, this week lowered their rating of Gibson Brands, Inc. to “CCC-” – down one step from the already low rating of “CCC.” Their outlook on Gibson? “Negative.” A … Continue reading

Gibson CEO Turns to PR to Stop Crashing Reputation

Company Rehires CFO With Debt Deadline Fast Approaching As the music world media continues to trumpet the news of the potential impending collapse of Gibson Brands, noting large outstanding debts and the exit of the company’s CFO, Gibson CEO Henry … Continue reading

The Forgotten Thiel

Strata-gee *EXCLUSIVE* Interview with Tom Thiel Although Strata-gee has loosely followed Thiel Audio for many years, since 2012, when the company was sold by co-founder Kathy Gornik to a group of Tennessee private equity investors, our coverage intensified. Part of … Continue reading

Yet Another Investor Sues Gibson Over Soured Deal

The Plot Thickens in This Sales Triangle Just last week, we learned that real estate investment company Somera Road filed a lawsuit in the Davidson County Chancery Court in Nashville, alleging that Gibson Brands had reneged on a deal to … Continue reading

Gibson Cuts Debt Deal to Delay Payment Date

Gibson 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 … Continue reading

Gibson Successfully Sells Memphis Factory

From 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 … Continue reading

Gibson Stuns the Music World, Shuts Down Cakewalk

Acquired in 2013, Cakewalk was Killed for Philips, Gibson Says In 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 … Continue reading

Is Gibson Brands Headed for a Default?

Moody’s Hits Gibson Brands with Another Credit Downgrade Moody’s Investors Service, one of the largest credit rating services in the world, has downgraded the credit rating for Gibson Brands, the Nashville-based parent of Gibson Guitar, Onkyo, Teac, KRK, Philips, Stanton … Continue reading