Gibson Guitars face bankruptsy
I'm surprised that this isn't up here already, or maybe I missed it
https://consequenceofsound.net/2018/...-years-report/
Quote:
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The company, which is behind one of the most iconic guitars in music history, the Les Paul, recently saw the departure of its chief financial offer, Bill Lawrence. His leaving is seen as a bad omen for the company “as $375 million in senior secured notes mature and $145 million in bank loans become due, if they aren’t refinanced by July.” Gibson also recently moved out of its Nashville warehouse, which it had called home for over three decades.
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My name is Ozymandias, King of Kings;
Look on my Works, ye Mighty, and despair!
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