Cake
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    • Richard

      In a move that has been expected for a while, iconic guitar manufacturer Gibson filed for bankruptcy today. The reorganization plan will attempt to save the guitar division while shedding the unprofitable consumer electronics lines. Though I currently play a Martin, my first guitar was a little Gibson acoustic and I also played an SG in a band back when dinosaurs roamed the earth. I hope they are successful--it would be a pity if there were no more Les Pauls or Hummingbirds around.

    • Chris
      Chris MacAskill

      Hmmm, it sounds like the company has a good core business of guitars and Baldwin pianos. Their CEO bought a music electronics company for $135 million a few years ago from Philips, and it drained cash and forced Chapter 11. The company has been around since 1894. They aspired to be a "music lifestyle brand."

      But it sells 170,000 guitars a year. Seems like a lot. But I dunno how much the guitars make and whether it's enough to pay the debt for the >$500 million they owe. Yikes. They make all their guitars in the USA. Creditors who took control of the company might make them move that overseas.

    • Kenny

      That's a shame. I have a 1954 Les Paul Gold Top that my grandfather left me. It's a beautiful guitar that I wish I could play with any level of skill.

    • Richard

      That's interesting. I don't think I've seen one without a separate tailpiece and bridge before. This one is all-in-one. I wonder when they made the change.

    • Kenny

      I think the 52's and maybe the 53's had that, and every later year is this style. I don't know the reason.

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