Gibson Guitar files Chapter 11 Bankruptcy

Yahoo Finance Video

May 1, 2018 at 5:01 PM

Cue the depressing music... Iconic guitar maker Gibson has filed for chapter 11 bankruptcy. Annual revenue fell nearly half a billion dollars in the last three years, and it owes more than $100 million in debt. Now Rolling stone reports the company is 're-focusing, reorganizing and restructuring'. Slash, Bob Marley, Jimmy Page are just a few musicians that have played the venerated Gibson Les Paul...Elvis Presley and Eric Clapton also played Gibson guitars.

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Gibson Guitar files Chapter 11 Bankruptcy

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