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Gibson Guitar Company facing possible bankruptcy after 116 years

Gibson Guitar Company has been a major player in the music industry since they first began. It is a name we all know and respect. The Gibson Les Paul is one of the most iconic guitars ever created. Whether your choice is acoustic or electric, solid body or semi-hollow body, Gibson has never failed in quality.

They recently moved out of their Nashville warehouse home, where they had been operating since the 1980's. This move, in part, is so that the company can try to reorganize to overcome the negative impact of creditor battles and bad business decisions over the years that are now becoming a factor. Recently selling Baldwin Piano was one of the steps taken to try to push Gibson back into a financial gain position. However, from the sound of the seriousness of the situation, this may be too little too late. We sure hope not. Fingers crossed for a triumphant comeback.

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