Gibson files for bankruptcy, planning to renew its guitar business and dump its 'innovations' unit

Gibson files for bankruptcy, planning to renew its guitar business and dump its ‘innovations’ unit

Gibson, based in 1894, sells greater than 170,000 guitars yearly in 80 nations. Its guitars are U.S.-made, with factories in Nashville; Memphis, Tenn.; and Bozeman, Mont. It additionally sells studio displays, headphones, turntables and different musical devices. Units additionally embrace the corporate’s Baldwin Piano business. All advised, the music devices business employs at the very least 875 individuals, in accordance to courtroom papers.

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