skinnyj
Pebble Pounder
Since bankruptcy seems to be the theme of Q1, 2018, here is another titan in their field that could be facing hard time this year:
Gibson may default if it doesn't refinance debt
Being a long time musician, sadly, this is not shocking. Gibson, a long associated image in rock & roll, has been a victim of slipping market share, misguided product offerings, over-priced stagnant designs, shoddy workmanship and general mismanagement that starts with owner Henry J.
When a new Les Paul costs $2800-4000 new and ships with peeling binding, crappy setup, bad frets, ect, that is eventually going to come home to roost.
Gibson may default if it doesn't refinance debt
Being a long time musician, sadly, this is not shocking. Gibson, a long associated image in rock & roll, has been a victim of slipping market share, misguided product offerings, over-priced stagnant designs, shoddy workmanship and general mismanagement that starts with owner Henry J.
When a new Les Paul costs $2800-4000 new and ships with peeling binding, crappy setup, bad frets, ect, that is eventually going to come home to roost.