savatage1973
Addicted Member
Gibson has officially filed for bankruptcy--let's see who buys them out.
Hey now, I had a SonexI saw this one coming and just knew in my heart that The Might G ought never to have replaced its Maurader and S-1 geetar lines circa 1980 with the Sonex series.
Sell Epiphone and the licensing to make the import guitars. Probably 50 mil right there. Divest all of the electronic junk brands that they invested in.
Get Henry J as far away from there as possible.
Most companies learned this years ago that's why they introduced planned obsolescence.The problem w selling a high-cost, legacy item that doesn't wear out or become obsolete is that sooner or later demand will be reduced to zero.
Couple this with the decline of rawk music and bankruptcy of Guitar Center and you can see what issues they'll have to overcome.