The Moog ‘Grandmother’ Synth will soon be surfacing at Guitar Center. Moog aficionados are often religiously attached to the brand. The employee-owned company is the leading producer of analog synthesizers in the world, and a fixture …
Category archives: Instruments
Electric Guitar Sales Have Plunged 23% Since 2008
Electric guitar sales have slipped 22.7% since 2008, based partly on decreased demand from younger buyers. Surprisingly, acoustic guitar sales are a totally different story. Last year, the Washington Post reported that electric guitar sales had p…
Gibson Guitar Was Stiffing Its Top Suppliers for Months — With Millions In Unpaid Invoices
Gibson Guitar had been failing to pay key supplies for months leading up to its Chapter 11 bankruptcy filing, according to paperwork shared with DMN. Here’s a partial list of who’s owed what. The months ahead promise to be fairly ugly…
Gibson Guitar Files for Chapter 11 Bankruptcy Protection
Gibson Guitar, one of the most iconic brands in rock n’ roll, has officially filed for Chapter 11 bankruptcy protection. It was practically inevitable. But Gibson Guitar, saddled with more than $1 billion in debt and sinking financials, has…
Near-Bankrupt Gibson Guitar Faces a $50 Million Lawsuit
Just months away from an expected bankruptcy, Gibson Guitar is now getting slapped with a $50 million lawsuit from an unpaid supplier. First it was raining. And now, it’s down-pouring for Gibson Guitar. Just months ahead of an expecte…
Guitar Center Faces Imminent Bankruptcy After 59 Years In Business
As guitar sales plummet, some of the biggest guitar brands and retailers are facing bankruptcy. The latest is Guitar Center, which narrowly averted default and just got downgraded by S&P. Rock n’ roll may never die. But that’…
Guitar Makers are Getting Slammed by Stepped-Up Regulations on Rosewood
The extreme scarcity of rosewood is affecting the guitar industry — and well as other instrument manufacturers. Can we live without it? Aside from an international crackdown on illegal logging in tropical forests, new regulations are m…
Gibson Guitar Planning a 12-15% Workforce Reduction as Bankruptcy Nears
Gibson Guitar is now planning a serious workforce reduction to meet growing debt pressures. As Gibson Guitar slides deeper into debt — and closer towards bankruptcy — some drastic cost-cutting appears imminent. Earlier…
Gibson Guitar Laying Off Employees as Bankruptcy Fears Worsen
Gibson Guitar is now battling a deteriorating financial situation, with layoffs already underway. The company is desperately lowering overhead to meet critical loan obligations ahead. Gibson Guitar is now desperately trimming its operational over…
Chinese Investment Consortium Is Eyeing a Gibson Guitar Acquisition
Near-bankrupt Gibson Guitar may be plucked by an overseas investment consortium, according to preliminary acquisition plans emerging. As Gibson Guitar girds towards default and potential bankruptcy, some interesting acquisition possibilities are emergi…