Gibson went bankrupt?

Kevincharles

New member
i was talking to a local luthier and he mentioned something about it while rambling about gear.

i know they have sold and come close to bankruptcy in the past but is this time for real? i cant find any articles about it.
 
Re: Gibson went bankrupt?

It would be big news over at the LP Forum, but nothing about it there. Either you heard the guy wrong or he's just a muttering goofball.
 
Re: Gibson went bankrupt?

Yea, they spend all their money on Robot Les Paul, Lawyers, and recently made, but poor quality guitars....

lol
 
Re: Gibson went bankrupt?

Only about a month ago a financial rag had an article about Gibson. While like everybody they´re not doing stellar, they are most definitely not bankrupt.

You can´t be bankrupt and still have uncommitted capital to burn..... just like you can´t say you`re penniless if you have a 2000$ bill in your pocket ;)
 
Re: Gibson went bankrupt?

At times, one might be able to make a case for "morally bankrupt" if not actually "financially bankrupt"...

:1:
 
Re: Gibson went bankrupt?

i was talking to a local luthier and he mentioned something about it while rambling about gear.

i know they have sold and come close to bankruptcy in the past but is this time for real? i cant find any articles about it.

This must be something that is floating around Atlanta.
I heard the same thing, but nothing online about it.

Gibson is in trouble, but how close to BK, only Gibson knows.
 
Re: Gibson went bankrupt?

How much capital do you think they spent on the big press that smooshes the Zoot Suits together?
 
Re: Gibson went bankrupt?

How much capital do you think they spent on the big press that smooshes the Zoot Suits together?

its stupid ideas like those that make gibson lose money.

i wish they would cut the bull**** and just makes straightfoward guitars worth the money.

(... like fender or PRS.)
 
Re: Gibson went bankrupt?

The Zoot Suit is not a stupid idea. It IS a straightforward guitar worth the money. It's like a thousand bucks and it's a real Gibson that is impossible to warp or break the neck on -- meaning it's gonna last these next 50 years AT LEAST...

I seriously doubt they are pressing the birch-ply laminate themselves.

It's really funny to talk **** on Gibson for their price points, when Fender needlessly raised their prices 20% across the board last year and PRS only start getting good around the $2000 mark.

It's just a business...it costs money to build guitars and it costs more money the bigger your company is...everybody in the country is on hard times right now, and GGC is one of them...but to wish or hope that they go bankrupt or out of business means you want to see one of America's oldest and most respected companies fail and all their employees without jobs. Why? Just cuz you can't afford a $6000 limited edition collector's reissue?

Please. If you don't like their guitars, that's one thing, but until you've run your own successful guitar manufacturing business i don't really think you have any experience to say what things should cost or how they should do business.

I think Gibson does a good job of doing what they're known for (the vintage-correct guitars) while still trying to innovate and improve the guitar game. A lot of people talked crap on the Robot tuners without even trying them...I've spent a lot of time with the ones at my shop and it is a **** COOL system to have on a guitar...it works really well and makes PLAYING easier because you're not constantly checking your tuning...

Same with the Zoot Suits...they directly addressed one of the biggest problems EVERY guitar manufacturer has...warped or damaged necks...then they took a lead from Martin and tried using birch-ply laminate. The guitars sound and feel great and are pretty much indestructible...if a small independant company like Composite Electrics had made it, y'all would've thought it was this hip new idea but Gibson did it so it's stupid and destined to fail.

Guess that's why all the Robots at my shop sold out in less than a week and we can't even keep Zoot Suits in stock because young kids who down-tune love the fact that they can't bend the neck on 'em.

After a year at that shop, i've seen probably 50 Gibsons come and go through my doors. I've sold three Paul Reed Smiths and still have the same 6 plastic-wrapped no-tone $3,600 chunks of mahagony on the wall that were there when i dropped off my application. I spend at least nine hours a day, every day, in a place with hundreds of guitars, and the Gibsons from the custom shop are almost always the best-built and best-sounding in the building.

If we lost Gibson, we'd be losing a huge part of guitar culture in general.
 
Re: Gibson went bankrupt?

The Zoot Suit is not a stupid idea. It IS a straightforward guitar worth the money. It's like a thousand bucks and it's a real Gibson that is impossible to warp or break the neck on -- meaning it's gonna last these next 50 years AT LEAST...

I seriously doubt they are pressing the birch-ply laminate themselves.

It's really funny to talk **** on Gibson for their price points, when Fender needlessly raised their prices 20% across the board last year and PRS only start getting good around the $2000 mark.

It's just a business...it costs money to build guitars and it costs more money the bigger your company is...everybody in the country is on hard times right now, and GGC is one of them...but to wish or hope that they go bankrupt or out of business means you want to see one of America's oldest and most respected companies fail and all their employees without jobs. Why? Just cuz you can't afford a $6000 limited edition collector's reissue?

Please. If you don't like their guitars, that's one thing, but until you've run your own successful guitar manufacturing business i don't really think you have any experience to say what things should cost or how they should do business.

I think Gibson does a good job of doing what they're known for (the vintage-correct guitars) while still trying to innovate and improve the guitar game. A lot of people talked crap on the Robot tuners without even trying them...I've spent a lot of time with the ones at my shop and it is a **** COOL system to have on a guitar...it works really well and makes PLAYING easier because you're not constantly checking your tuning...

Same with the Zoot Suits...they directly addressed one of the biggest problems EVERY guitar manufacturer has...warped or damaged necks...then they took a lead from Martin and tried using birch-ply laminate. The guitars sound and feel great and are pretty much indestructible...if a small independant company like Composite Electrics had made it, y'all would've thought it was this hip new idea but Gibson did it so it's stupid and destined to fail.

Guess that's why all the Robots at my shop sold out in less than a week and we can't even keep Zoot Suits in stock because young kids who down-tune love the fact that they can't bend the neck on 'em.

After a year at that shop, i've seen probably 50 Gibsons come and go through my doors. I've sold three Paul Reed Smiths and still have the same 6 plastic-wrapped no-tone $3,600 chunks of mahagony on the wall that were there when i dropped off my application. I spend at least nine hours a day, every day, in a place with hundreds of guitars, and the Gibsons from the custom shop are almost always the best-built and best-sounding in the building.

If we lost Gibson, we'd be losing a huge part of guitar culture in general.

:clap::beerchug:

Side note: If Gibson went belly up, you almost certainly wouldn´t need to ask on a guitar forum to find out ;)

But it is kind of ironic that Gibson are now having success with the same laminated necks that people cursed Framus to hell for 30 years ago that almost sunk the company forever :laugh2:
 
Re: Gibson went bankrupt?

This is an easy one. The problem people have with Gibson is just about everyone wants one but can't afford one. I am in this category as I have 4 kids. Are they over priced? Yes, but have you checked the prices of Fender's Blues Jr's as of late? But don't hope that this iconic American company goes belly up. There has been too much of that as of late. Can you say GM?
 
Re: Gibson went bankrupt?

the prices they charge! you really think they aren't making money! lol

At the prices they charge - no one can afford it - so they sell almost nothing !

They are shooting them selves in the foot, every bloody day !
And still they do not learn !



James
 
Re: Gibson went bankrupt?

'the prices they charge'

are just like every other American guitar company

highway 1 telecaster = $699
faded SG special = $699

les paul studio = $1350
USA standard strat = $1250

2008 Les Paul Standard = $2200
Any nice 'artist-series' MIA Fender = $2200 AT LEAST

custom shop kick-ass gibson = $3500
custom shop relic Fender = $3000 at least

this doesn't even go into used prices. my SG-X was like $600 and i've seen SG Standards (technically 'better' guitars) go for less than that in mint condition.

A faded Gibson or highway 1 is at least as nice as any $600 Chinese import guitar...and every single guitar company has their $6000 collector's guitars...Gibson does 'em for blues and rock guys, ESP does 'em for metal guys...
 
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Re: Gibson went bankrupt?

You have rumors going around about Gibson being in trouble or facing a buyout (by Peavey???).

The thing is, no one would let "Gibson" the brand disappear - it's just such a strong brand... if the current owners will have to sell it you would still be able to get Les Pauls or Vs with Gibson on the headstock, just under different management...


Is it better or worst? :dunno:
 
Re: Gibson went bankrupt?

^^ honestly, as long as the guitars stay awesome, it's all good with me.

this goes for all brands...i get just as stoked about a nice handmade J. Nunis or a really good vintage Fender as i do about Gibsons...what's important is making awesome guitars...and it just so happens, Gibson is doing that.
 
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