The debts of the cult-made guitar manufacturer are about $ 500 million
Gibson Brands, Inc. announced its bankruptcy. According to various publications, in the near future the company will take a new loan of $ 135 million and begin restructuring its debts. Most likely, some of the creditors of the organization will become its owners.
The Gibson brand appeared in the music world in 1890. During its existence, the company was able to become one of the leading players in its sector. Gibson guitars were used by such musicians as Chuck Berry, Eric Clapton, Jimi Hendrix, Elvis Presley and many others.