Gibson facing bankruptcy

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Aussie Mark
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Re: Gibson facing bankruptcy

Post by Aussie Mark » 03 Mar 2018, 18:20

packrat wrote:
03 Mar 2018, 14:26
slowlearner wrote:
03 Mar 2018, 12:42
Well, if they're bought by the Chinese, does that mean they'll finally starting pricing them reasonably?
It's an open question whether people want them priced more affordably, or they want them to be made really well. One of those is more likely than the other in this case.

B>
There's a good chance both will be achieved if the Chinese buy Gibson :popcorn:

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BassLine
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Re: Gibson facing bankruptcy

Post by BassLine » 03 Mar 2018, 19:46

I'm sure John Hall could turn it around.


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DeadlyErnest
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Re: Gibson facing bankruptcy

Post by DeadlyErnest » 03 Mar 2018, 20:27

slowlearner wrote:
03 Mar 2018, 12:42
Well, if they're bought by the Chinese, does that mean they'll finally starting pricing them reasonably?
I can't help feeling if they had just faced up to a shrinking market and cut prices and concentrated on doing what they do well at a reasonable price rather than building up a massive debt they would be in better shape now.
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Re: Gibson facing bankruptcy

Post by packrat » 04 Mar 2018, 07:23

Sure thing. What was that other brand that was bought out and then became cheap but really high quality?

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slowlearner
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Re: Gibson facing bankruptcy

Post by slowlearner » 04 Mar 2018, 07:47

Aussie Mark wrote:
03 Mar 2018, 18:20
packrat wrote:
03 Mar 2018, 14:26
slowlearner wrote:
03 Mar 2018, 12:42
Well, if they're bought by the Chinese, does that mean they'll finally starting pricing them reasonably?
It's an open question whether people want them priced more affordably, or they want them to be made really well. One of those is more likely than the other in this case.

B>
There's a good chance both will be achieved if the Chinese buy Gibson :popcorn:
Precisiely. And if some of the rumours about parts being made OS are true, it's likely half the guitar was made in China or Korea. Gibson has no excuse for charging three and four times the price for an instrument of the same quality as good Asian instruments, just because they pretend it was made in mainland USA. :thumbdown
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BassLine
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Re: Gibson facing bankruptcy

Post by BassLine » 04 Mar 2018, 09:04

veebass wrote:
03 Mar 2018, 06:12
This thread is an example of how different this forum is to TB.
Similar topics on TB have inevitably degenerated into places where people , mostly with little knowledge, opine on the shortcomings of Gibson basses.
Well done OZbass!
A kid asked about detuning his bass. I never knew there could be so many opinions on it....
https://www.talkbass.com/threads/down-t ... e.1331750/
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packrat
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Re: Gibson facing bankruptcy

Post by packrat » 04 Mar 2018, 12:37

BassLine wrote:
04 Mar 2018, 09:04
veebass wrote:
03 Mar 2018, 06:12
This thread is an example of how different this forum is to TB.
Similar topics on TB have inevitably degenerated into places where people , mostly with little knowledge, opine on the shortcomings of Gibson basses.
Well done OZbass!
A kid asked about detuning his bass. I never knew there could be so many opinions on it....
https://www.talkbass.com/threads/down-t ... e.1331750/
there is a certain trainwreck fascination in watching the people saying "You cannot use drop-d tuning with your bass, you'll be playing in the wrong key and wargle grable gobble" and the thread developing from there.

... from a safe distance.

B>

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tearalong
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Re: Gibson facing bankruptcy

Post by tearalong » 02 May 2018, 12:56

It's happened
http://www.abc.net.au/news/2018-05-02/g ... cy/9718030
The maker of the Gibson guitar is filing for bankruptcy protection after wrestling for years with debt.

A pre-negotiated reorganisation plan filed on Tuesday local time will allow Gibson Brands Inc to continue operations with $135 million in financing from lenders.

The company had already sold off some non-core brands that contributed to its burdensome debt. Gibson has begun the liquidation process for its debt-plagued, struggling international Gibson Innovations division, which sells headphones, speakers, accessories and other electronics.
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BazzBass
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Re: Gibson facing bankruptcy

Post by BazzBass » 02 May 2018, 13:24

I hope they sell off Epiphone to a chinese company so we get them at even cheaper prices here in Oz.

They should attach drill bits to all those robot tuners Henry insisted every Gibson needed and drill into his stupid brain lol
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tearalong
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Re: Gibson facing bankruptcy

Post by tearalong » 02 May 2018, 15:18

They were being sued over the robotuners for $50m only a week ago - maybe that hastened the timing

https://www.musicradar.com/news/tronica ... 50-million
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Petebass
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Re: Gibson facing bankruptcy

Post by Petebass » 02 May 2018, 15:30

Here come the former Gibson brand "Vintage Reissues". Or maybe a limited edition "Bankruptcy Model" at $10,000 each?
* 2 Stingray 5's (one heavily modded), Ibanez SR805, Ashbory, + more...
* Carvin B1500, Epifani PS1000, Ashdown Superfly amps.
* Lots of DIY neo/lightweight cabs including one made from composites http://www.ozbassforum.com/viewtopic.php?f=5&t=2546

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veebass
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Re: Gibson facing bankruptcy

Post by veebass » 02 May 2018, 16:43

BazzBass wrote:
02 May 2018, 13:24
I hope they sell off Epiphone to a chinese company so we get them at even cheaper prices here in Oz.

They should attach drill bits to all those robot tuners Henry insisted every Gibson needed and drill into his stupid brain lol
They are now very, very good, if the Epi Vintage Pro I imported is typical.

I would be happy if we got them here at all. The problem is that the importer is kaput and nothing really to do with Gibson's broader problems.

Hopefully, a new management at Gibson would address the lack of a functional importer for Australia and we will get some Gibson's and Epis coming in again..
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blizzard
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Re: Gibson facing bankruptcy

Post by blizzard » 02 May 2018, 16:58

I really believe Gibson needs to simplify their lineup of guitars and improve their QA processes. They seem to have a reputation of 'poor' quality at the moment.

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veebass
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Re: Gibson facing bankruptcy

Post by veebass » 02 May 2018, 17:17

^^I reckon the QC stuff about Gibson is overblown.
I have bought 5 new Gibson basses and 3 Gibson guitars over the last 10 years. Nothing wrong with any of them.
I also have 5 vintage Gibson Norlin era basses and a vintage Gibson guitar. All good there too.

I wish I could say the same about some of the Fenders I have had.
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blizzard
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Re: Gibson facing bankruptcy

Post by blizzard » 02 May 2018, 18:14

veebass wrote:
02 May 2018, 17:17
^^I reckon the QC stuff about Gibson is overblown.
I have bought 5 new Gibson basses and 3 Gibson guitars over the last 10 years. Nothing wrong with any of them.
I also have 5 vintage Gibson Norlin era basses and a vintage Gibson guitar. All good there too.

I wish I could say the same about some of the Fenders I have had.
I agree the QA thing is overblown - it's more that it's is a bit inconsistent especially with the price points Gibson charges.

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