Gibson files for chapter 11 bankruptcy.

Re: Gibson files for chapter 11 bankruptcy.

Yeah but we didn't know how it would play out, all the crazy Chinese investor group stuff and so on. They're still making guitars in the USA and maybe the new prices could drop. I still think if Juszkiewicz stays at the helm he'll eff it up again, maybe he'll step down once the proceedings are complete.
 
Re: Gibson files for chapter 11 bankruptcy.

I didn't see anything related to the Chinese and Gibson that was anything more than speculation.
 
Re: Gibson files for chapter 11 bankruptcy.

I didn't see anything related to the Chinese and Gibson that was anything more than speculation.

KKR has a stake in the debt with an office in Asia, there could still be some vulture investment strategy happening but is looking less likely with this move. Anything could still happen though.
 
Re: Gibson files for chapter 11 bankruptcy.

This was always the move. Everything else was speculative at best.
 
Re: Gibson files for chapter 11 bankruptcy.

"Juszkiewicz...will continue with the company upon emergence from bankruptcy “to facilitate a smooth transition,”...Court papers call for a one-year consulting deal and compensation package for Juszkiewicz."

henry is done
 
Re: Gibson files for chapter 11 bankruptcy.

riffsandbeards-1525192009687-jpg.306863
 
Re: Gibson files for chapter 11 bankruptcy.

KKR has a stake in the debt with an office in Asia, there could still be some vulture investment strategy happening but is looking less likely with this move. Anything could still happen though.

Way too early to tell, but I'm far less interested in ownership than direction-

1. Do they dis-invest in the ancillary brands and refocus on Guitars?
Seems likely that everyone realizes that Gibson overreached, but they still have to chose which guitar markets to go after- Boutique and Mid are logical as well as beginners- but they will need much clearer products and messaging.

2. Do they recognize that Fender and Yamaha are the kings of process and can Gibson learn the basics?
We love to focus on gurus and incredible luthiers (rightfully so) but, Fender and Yamaha (and Ibanez) are extremely focused with strong roadmaps justifying segments, quality and price points. Of course, Andersons and Suhrs are small enough to manage one off products, but Gibson has to do both- This is the BIG, BIG issue that the reorg will miss if they turn it all into financing.

3. Closely related, Gibson's quality has to match competitive price points- They have lived a long, long time off the brand (that most of us love)- But it's time that we can all look at a Gibson $5000 guitar and say, yep that competes well with the comparable PRS or a $300 Epi and say, yep that competes well with the comparable Ibanez.

That last one will fix a lot of problems and helps avoid the 'where was this thing made' argument- If US custom shop is making the best guitars for the $, they will stand on their own. Either way, it's going to take a lot of basic product management to get focused and a lot of marketing to get a new, better story that attracts new guitarists.
 
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Re: Gibson files for chapter 11 bankruptcy.

"Juszkiewicz...will continue with the company upon emergence from bankruptcy “to facilitate a smooth transition,”...Court papers call for a one-year consulting deal and compensation package for Juszkiewicz."

henry is done

If he wasn't done, then they had learned nothing.
 
Re: Gibson files for chapter 11 bankruptcy.

Great - won't be able to buy a ball cap that isn't Bonamassa'd
 
Re: Gibson files for chapter 11 bankruptcy.

"I'm just sitting here watching the wheels go round and round. I really love to watch them roll. I just had to let it go." - Lennon
 
Re: Gibson files for chapter 11 bankruptcy.

Way too early to tell, but I'm far less interested in ownership than direction-

1. Do they dis-invest in the ancillary brands and refocus on Guitars?
Seems likely that everyone realizes that Gibson overreached, but they still have to chose which guitar markets to go after- Boutique and Mid are logical as well as beginners- but they will need much clearer products and messaging.

2. Do they recognize that Fender and Yamaha are the kings of process and can Gibson learn the basics?
We love to focus on gurus and incredible luthiers (rightfully so) but, Fender and Yamaha (and Ibanez) are extremely focused with strong roadmaps justifying segments, quality and price points. Of course, Andersons and Suhrs are small enough to manage one off products, but Gibson has to do both- This is the BIG, BIG issue that the reorg will miss if they turn it all into financing.

3. Closely related, Gibson's quality has to match competitive price points- They have lived a long, long time off the brand (that most of us love)- But it's time that we can all look at a Gibson $5000 guitar and say, yep that competes well with the comparable PRS or a $300 Epi and say, yep that competes well with the comparable Ibanez.

That last one will fix a lot of problems and helps avoid the 'where was this thing made' argument- If US custom shop is making the best guitars for the $, they will stand on their own. Either way, it's going to take a lot of basic product management to get focused and a lot of marketing to get a new, better story that attracts new guitarists.


Well said!!!

And yup... Tom Anderson and John Suhr know how to do the boutique, custom shop output thing right. Keep it small and sustainable (at least as "sustainable" as things can be in this uncertain world).
 
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