Re: Gibson gets $135M- Will they use it wisely? Can Epi save the day?
Funny! I bet you could buy the brand for pennies on the dollar- go for it! Put me down for serial number 0001
As far as focus, yes they wasted a ton of energy and effort, but those are sunk costs and it's time to move on- I like your idea of letting the brands specialize, but first thing they have to do is get basic customer focused development in place- not rocket science, but it's how they can generate the data that predicts how many LP standards they can sell vs 'pointy things'- and that's how they can tell best investment opportunities.
If I were Gibson I'd let Gibson be the traditional design company and ditch all the lifestyle crap. Drop all the fancy modern stuff they are trying to do and put all that $135M into their smaller operations and use those as a testing ground for new guitars.
Let's say Gibson has a new radical guitar they want to introduce to the public and the kids don't like it. That's a mark on the Gibson name. Let's say this new radical guitar is pointy, let Kramer introduce it to the market. If it's a more modern take on a traditional guitar, Epiphone will take care of it. If the ideas pan out well Gibson will release their version of it. This way if things go south one of Gibson's side operations takes the fall, which will be a lot smaller because they don't have as high a rep to uphold as Gibson.
On a side note, while I was researching some of Gibson's side hustles, I found "Garrison Guitars" is a small acoustic firm purchased by Gibson in '07, so there goes my hopes for having a guitar company in my own name.
Funny! I bet you could buy the brand for pennies on the dollar- go for it! Put me down for serial number 0001
As far as focus, yes they wasted a ton of energy and effort, but those are sunk costs and it's time to move on- I like your idea of letting the brands specialize, but first thing they have to do is get basic customer focused development in place- not rocket science, but it's how they can generate the data that predicts how many LP standards they can sell vs 'pointy things'- and that's how they can tell best investment opportunities.
