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User Name	Thread Name	Subject	Posted
beardedbruce	2018: Gibson guitars bankrupt? (40)	RE: 2018: Gibson guitars bankrupt?	01 May 18
Zombie Gibsons? "(Reuters) - Gibson Brands Inc, the maker of guitars played by the likes of B.B. King and Elvis Presley, filed for Chapter 11 bankruptcy protection on Tuesday with a plan to reorganize its musical instrument business under the new ownership of its lenders. Nashville-based Gibson, whose legendary brands include Les Paul and SG, has been suffering under $500 million in debt linked to the acquisition of its consumer electronics business overseas, where sales have been in sharp decline. In a filing in U.S. Bankruptcy Court in Delaware, Gibson said the overseas consumer electronics business will be wound down, allowing it to re-focus on its core guitar-making and audio businesses." https://www.yahoo.com/finance/news/legendary-u-guitar-maker-gibson-files-bankruptcy-151014923--sector.html

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