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

Gibson Brands Hires New COO, Hit With Another Credit Downgrade

Gibson Brands announced Tuesday that it has hired Lee Cheng as its new Chief Operating Officer (COO) and executive vice president. This appointment takes effect immediately and follows a recent additional credit downgrade by the Moody’s Investor Service. See more … Continue reading

Moody’s Downgrades Gibson Brands Credit to Junk

Gibson Brands CEO Responds to Moody’s Downgrade The music industry is positively buzzing about the announcement late last week by Moody’s Investors Service that, for the second time in three months, it has downgraded the credit rating of Nashville, Tennessee-based … Continue reading

Gibson Brands Opens Showroom in Tokyo

Gibson Brands (née Gibson Guitars) announced last week that it has opened a showroom in Tokyo, Japan that it calls a “pioneering music lifestyle concept showroom.” Although Gibson Brands owns many different brands, this particular showroom focuses on just three … Continue reading

Niche Speaker Manufacturer Cabasse Appoints Integra as U.S. Distributor

In a brief announcement today, Cabasse – a French loudspeaker manufacturer with a small niche following here in the U.S. – announced that it has appointed electronics brand Integra as its “exclusive” distributor for the United States. This new relationship … Continue reading

Gibson Brands Goes ‘Back to the Future’ to Celebrate 120 Years

Gibson Brands took advantage of the Consumer Electronics Show in Las Vegas to make a bit of a show of their own to celebrate 120 years in business. The company, which serves up 23 different brands of musical instruments, professional … Continue reading