It really comes to something when a brand as iconic as Gibson Guitars cant stay afloat!

Gibson has been severely mismanaged for over a decade.  Bad business decisions after even worse business decisions can destroy a company.  Getting rid of your best guitar craftsmen, auto-tuning guitars, expansion into lifestyle electronics along with massive private equity debt are some of the actions that sank Gibson.  The bankruptcy is an attempt at reorganizing, but if it fails and Gibson truly dies it really isn't that bad.  The value of the old Kalamazoo instruments will surge which is a good thing for the musicians who own them.

I didn't know that Gibson acquired Esoteric/Teac/ and Pioneer.  Hopefully, they will be absorbed by a real audio company.  It's just further evidence that Gibson management didn't have a clue.