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 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

Options Narrowing as Gibson & KKR Talks Fail

We learned last week that talks between Gibson Brands and deal making king KKR Credit Advisors fell apart in a dispute over “the appropriate consideration for the various parties involved,” according to a statement from Gibson Brands. As yet another … Continue reading

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