Nearly six months after filing for bankruptcy, Gibson Brands Inc. has a new majority ownership and leadership team that will officially take over on Nov. 1.
The Gibson company's public struggle to find a way forward through potentially catastrophic financial woes could reach a definitive turning point over the next few months.
As Gibson's deadlines to meet its financial obligations inch closer, the group that holds the bulk of the guitar company's debt has said it's willing to restructure its deal, but there's a condition.
Gibson Brands, Inc. – makers of the iconic Gibson guitars played by Slash among many others – is “running out of time” to resolve serious debt issues that could shut it down.