https://faroutmagazine.co.uk/gibson-...om-bankruptcy/
Gibson Guitars set to successfully emerge from bankruptcy
Finally, some positive news for iconic guitar company Gibson as their devastating slip into bankruptcy is set to come to an end.
For over 100 years one of the forewords in the guitar industry was Gibson. Their iconic guitars have been played by some of the biggest rock stars all around the world and, for some considerable amount of time, it looked as though the company was in ruins having declared for bankruptcy.
Despite CEO Henry Juszkiewicz attempting to assure fans that the debt was run of the mill, he then suggested the situation was more likely an ‘internal coup’ in a bid to wrestle ownership. However, liquidation was soon confirmed as the reported $500 million debt took over and staff were made redundant.