Gibson files for Bankruptcy Protection

Gibson Brands Inc files for Chapter 11

The iconic USA manufacturer of guitars , electronic audio and DJ equipment has filed for bankruptcy protection caused by losses of nearly $500m through Gibson Innovation, their consumer and DJ division. Gibson Brands Inc filed for Chapter 11 according to news reports, allowing noteholders to continue the business and replace stockholders, including Henry Juszkiewicz, the CEO for the last thirty years.

Bloomberg press release

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