Gibson's recovery halted by Trump's trade policy?

[skankdelvar]

29 minutes ago, Rikkers said:

Not directly, no. But it can be the nail in it's coffin.

So could any further extension of CITES. Or currency movements. Or a contractual clause which enables Henry Juszkiewicz to stay in post. Or a blind shoot-out on Pete Thorn's YT channel where a $250 Chibson blows the ar5e off a real Lester.

I could portentously observe that a series of rainy weekends this summer might play havoc with the UK ice cream industry; but it would be a dull-as-f*ck observation, being predicated upon the twin pillars of being both blindingly obvious and entirely speculative. But if I could somehow work Trump into it I suppose a few people here might wet their panties with affronted excitement. 

Anyway, you started the thread asking what people think; now you know 

Edited June 10, 2018 by skankdelvar

[lemmywinks]

4 hours ago, stingrayPete1977 said:

I think bastard does too? 

And pissflaps.

[skankdelvar]

1 hour ago, lemmywinks said:

And pissflaps.

and gamahuche

Edited June 11, 2018 by skankdelvar

[Rikkers]

3 hours ago, skankdelvar said:

Anyway, you started the thread asking what people think; now you know 

One opinion is more objective than the other.

[SpondonBassed]

6 hours ago, skankdelvar said:

So could any further extension of CITES. Or currency movements. Or a contractual clause which enables Henry Juszkiewicz to stay in post. Or a blind shoot-out on Pete Thorn's YT channel where a $250 Chibson blows the ar5e off a real Lester.

I could portentously observe that a series of rainy weekends this summer might play havoc with the UK ice cream industry; but it would be a dull-as-f*ck observation, being predicated upon the twin pillars of being both blindingly obvious and entirely speculative. But if I could somehow work Trump into it I suppose a few people here might wet their panties with affronted excitement. 

Anyway, you started the thread asking what people think; now you know 

I don't know why you don't just say what you mean.

Heeheehee

On the UK ice cream industry; you could argue that the price of a ninety nine is threatened by the possibility of US owned Cadbury having tarrifs imposed upon Flakes.

Anyone who wants to point out that these aren't imported from the US to the UK ought to take account of the fact that this is already a flaky opinion and they should not encourage me to derail this topic any further.

[SpondonBassed]

5 hours ago, skankdelvar said:

and gamahuche

That term both sucks and blows.  Not necessarily at the same time however.

[Yank]

I don't get why european bass players like to fosters and moan about the American presidents so much.  Clean up your own house......oh wait,  we sent a rep to improve the royal line.  Things will get better.

[Rikkers]

31 minutes ago, Yank said:

I don't get why european bass players like to fosters and moan about the American presidents so much.

I care about Gibson, don't care about the fact that you yanks elected an idiot for president.

Edited June 11, 2018 by Rikkers

[stingrayPete1977]

2 minutes ago, Rikkers said:

I care about Gibson, don't care about the fact that you yanks elected an idiot for president.

I dont think they had much choice! Although I wouldn't have got for the sexist, racist, misoginistic one myself. 

[BigRedX]

Trump isn't the problem with Gibson's potential for recovery, but the continued presence of Henry Juszkiewicz very much is.

A while back Gibson's main creditors but together a package that would have allowed the company to continue trading as normal, but the stumbling block was that they insisted on the removal of  Henry Juszkiewicz as CEO, and he wouldn't step down, hence the current Chapter 11 situation.

Personally I can't see any future for Gibson while Henry Juszkiewicz retains any role whatsoever within the company. So either he will be forcefully removed (if that is indeed even possible) or Gibson will collapse completely and the name and IP will be bought up - Yamaha's name has been mentioned more than once in this respect - in which case they will cease to be a US company and Trump will no longer be a concern.

Also I can't see what the big deal is with US-made instruments. The products of all the big US manufacturers are without exception vastly over-priced compared with what is actually on offer. It's not like the 50s and early 60s when US manufacture counted for something, and the rest of the world was still lagging behind when it came to both design as well as actual build quality. Nowadays great musical instruments are being made all over the world, and TBH at an equivalent price point for mass-produced instruments the output of just about any-non US factory is far superior.

 

[lemmywinks]

9 hours ago, skankdelvar said:

and gamahuche

Had to look that up, probably shouldn't have done it on my work laptop!

[chris_b]

2 hours ago, Yank said:

I don't get why european bass players like to fosters and moan about the American presidents so much.  Clean up your own house......oh wait,  we sent a rep to improve the royal line.  Things will get better.

Don't worry. You're not getting picked on. Our politicians get more stick than this on a daily basis. So do the Royal Family.

[Dad3353]

2 hours ago, Yank said:

I don't get why European bass players like to fosters and moan about the American presidents so much...

We don't, and we'd rather not have to, if only the people elected were of better quality. European political figures come in for some stick too, of course, when they're bastards, so all are fair game; it's not just the Yanks. 

[Bassassin]

10 hours ago, skankdelvar said:

and gamahuche

What about felch? Can we still say felch?

Edit - yep, we can say felch.

Edited June 11, 2018 by Bassassin
Felching.

[Bassassin]

3 hours ago, Yank said:

Clean up your own house......oh wait,  we sent a rep to improve the royal line.  Things will get better.

Good advice. We'll erect a lamp post in her name.

[markdavid]

On 09/06/2018 at 23:51, T-Bay said:

Another Gibson fan here, still can’t understand how a once innovative company are at where they are now, whereas  Fender ‘two designs in any colour you want’ are doing well. They diversified in weird ways that were poor business decisions I suppose. My thunderbird will be prised from my cold dead hands.

I remember walking into a music store with my son once and this shop had the usual Fenders,Squiers, a number of Ibanez basses, all in all pretty well stocked with most brands, he asked why they had no Gibson or Epiphone, they said that Gibson would not supply them unless they brought an unreasonably large amount of instruments from them , not sure how true this is but if this is true then this may explain why Fender are much more common in music stores which may also explain why Gibson are less common instruments

[stingrayPete1977]

11 minutes ago, markdavid said:

I remember walking into a music store with my son once and this shop had the usual Fenders,Squiers, a number of Ibanez basses, all in all pretty well stocked with most brands, he asked why they had no Gibson or Epiphone, they said that Gibson would not supply them unless they brought an unreasonably large amount of instruments from them , not sure how true this is but if this is true then this may explain why Fender are much more common in music stores which may also explain why Gibson are less common instruments

I think it's more likely that any they do stock take a long time to sell, mainly because they're gash. 😋

[Woodinblack]

17 minutes ago, markdavid said:

I remember walking into a music store with my son once and this shop had the usual Fenders,Squiers, a number of Ibanez basses, all in all pretty well stocked with most brands, he asked why they had no Gibson or Epiphone, they said that Gibson would not supply them unless they brought an unreasonably large amount of instruments from them , not sure how true this is but if this is true then this may explain why Fender are much more common in music stores which may also explain why Gibson are less common instruments

Yes, it is true. I was at my local small music store - Fenders, Ibanez, Gretch, Yamaha, PRS - all the usual and a few unusual, I mentioned gibsons and they said about the cost, I said that they had a couple of gibsons at £400 (at the time), and they said they did, but they couldn't have that unless they had a large order, and they couldn't justify the cost which was in the 10s of thousands (I think it was £20k).

£20k? I mean, they didn't even have room for 6 gibsons!

 

 

[chris_b]

27 minutes ago, markdavid said:

asked why they had no Gibson or Epiphone, they said that Gibson would not supply them unless they brought an unreasonably large amount of instruments from them

Fender did the same thing. Which is handing the primary access point for starter bassists to the Asian companies who will supply what the shops want.

[lemmywinks]

17 minutes ago, chris_b said:

Fender did the same thing. Which is handing the primary access point for starter bassists to the Asian companies who will supply what the shops want.

This is true, many moons ago I was after a Squier Jazz as a backup, my local shop (supplies a ton of learners as he does a lot of teaching) couldn't get one in for love nor money as he had a small premises and couldn't place large enough orders. He ended up stocking Vintage and Crafter instruments.

[skankdelvar]

56 minutes ago, markdavid said:

I remember walking into a music store with my son once and this shop had the usual Fenders,Squiers, a number of Ibanez basses, all in all pretty well stocked with most brands, he asked why they had no Gibson or Epiphone, they said that Gibson would not supply them unless they brought an unreasonably large amount of instruments from them , not sure how true this is but if this is true then this may explain why Fender are much more common in music stores which may also explain why Gibson are less common instruments

Very true. A Gibson dealer  I know (won't identify because I don't want to get him in trouble) was bewailing the fact that Gibson had recently insisted he take about 200 Epiphones when the most he sold each year was about 50-60. He was now considering ending his dealership, not least because about a third of the Epis that came in needed loads of work - well beyond a basic set-up.

[SpondonBassed]

1 hour ago, Bassassin said:

What about felch? Can we still say felch?

Edit - yep, we can say felch.

Just don't put felch and belch together else it'll get a bit messy 'round here.

/facetious twaddle

Anyway... what Gibson recovery?

[Norris]

A mate of mine used to own a guitar emporium. He told me the same thing about Gibson minimum orders. He simply couldn't justify stocking them. 

[skankdelvar]

1 hour ago, SpondonBassed said:

Anyway... what Gibson recovery?

Around the start of June the US Bankruptcy Court approved Gibson's application for a $135m dollar loan intended to keep the lights on while the company is restructured. It doesn't put them back on their feet but it buys them time to make changes. Henry still seems to be in charge though debtors have insisted there be a change of management team. Also, it's been announced that Gibson will be dissolving the consumer electronics division and terminating the company's 15-year lease at the old Tower Records building in Los Angeles.

Sweat-beaded CEO Henry Juszciewicz said:

“This is the next milestone for Gibson in completing our pre-negotiated Chapter 11. Our financing has the support of all of our stakeholders.  Today’s decision assures that it remains business as usual at Gibson,” said Henry Juszkiewicz, Chairman and Chief Executive Officer of Gibson Brands.  “Pursuant to the Restructuring Support Agreement and the Plan Term Sheet, this plan already has the critical support of our majority note holders. The transaction embodied in the Restructuring Support Agreement will, once approved, reduce our leverage, and allow us to quickly emerge from this process with a stronger balance sheet to support the Company’s long-term success, benefiting our valued customers, business partners, and employees in the years ahead.”

To outraged cries of 'We want our money, you loser' and 'Why don't you offer Les Paul Studios with the long-tongue neck tenon?' Mr Juszciewicz was escorted from the press conference by three large men of Italian appearance, driven into the desert and handed a shovel.

 

Edited June 11, 2018 by skankdelvar

[SpondonBassed]

20 minutes ago, skankdelvar said:

...Today’s decision assures that it remains business as usual at Gibson,” said Henry Juszkiewicz, Chairman and Chief Executive Officer of Gibson Brands

I hope that is one of your spins and not an accurate quote otherwise it leaves the stench of denial in its wake.  Deckchairs on the Titanic for anyone?