rbecker
There are a bunch of articles out there, and I'm sure a whole lot more will follow, but in a nutshell it seems that this is a move to unburden Gibson from non-Guitar electronics diversification that they have taken on in recent years, but hasn't worked out so well. Back to Guitars.
Reports on the Financial Times website indicate the company’s restructuring agreement with its creditors means it may also be unburdened of a certain three people -
“The agreement will wipe out the 36 per cent equity stake held by Henry Juszkiewicz, the former Tony and the Tycoons guitarist and investment banker who took control of Gibson 32 years ago, and the 49 per cent stake held by a limited partnership named for David Berryman, the company’s president.”
https://www.ft.com/conten...11e8-8a8e-22951a2d8493