[Sep'17] Marke Gibson vor dem Aus? - [Okt'18] Gibson gerettet - Was kommt?

[shadok]

Tja, frisch ans Werk. Die Legende lebt.

 

[hoss]

Zu wenig, zu spät. So lange Henry da rumpfuscht geht da nix.

 

[stoffl.s]

Ich glaub gar nicht, dass es zu spät ist. Wie erwartet bleibt das Kerngeschäft und wenn ich es richtig gelesen habe, ist die Hauptaufgabe von Henry den nahtlosen Übergang zu einer neuen Geschäftsführung sicherzustellen.
Also kurz gesagt: Gibson Gitarren wird es weiterhin geben.

 

[Paruwi]

Weitere Meldungen

https://www.bloomberg.com/news/arti...bankruptcy-with-deal-to-renew-guitar-business

https://www.reuters.com/article/bri...eorganize-around-core-businesses-idUSASC09YH1

https://www.wsj.com/articles/guitar-maker-gibson-brands-files-for-bankruptcy-1525177170

https://www.usatoday.com/story/money/2018/05/01/gibson-guitar-chapter-11-bankruptcy/567821002/

 

[Paruwi]

So lange Henry da rumpfuscht geht da nix.

aus einem der links....
Leadership Plan

Juszkiewicz, who has found himself at odds with his creditors in recent months, will continue with the company upon emergence from bankruptcy “to facilitate a smooth transition,” according to the agreement. Court papers call for a one-year consulting deal and compensation package for Juszkiewicz. A representative for the company didn’t immediately respond to questions about whether Juszkiewicz will remain as CEO or in a separate role.

 

[hoss]

Der ist früher weg als er glaubt.

 

[Paruwi]

Der ist früher weg als er glaubt.

du könntest Recht haben

Gibson Brands has filed for bankruptcy, but devised a turnaround plan that will retain the guitars division and give lenders equal ownership of the company, replacing current stockholders, including controversial CEO Henry Juszkiewicz.

https://www.musicradar.com/news/gibson-files-for-bankruptcy

 

[CampFire Hero]

Naja, in der OnLinewelt gehts rund wg. Gibson. Schreiben aber eh' alle das Gleiche im Prinzip:

https://www.americanbluesscene.com/...les-for-bankruptcy-will-work-turnaround-plan/

 

[Tiger13]

Zu wenig, zu spät. So lange Henry da rumpfuscht geht da nix.

die Chancen stehen doch gar nicht so schlecht. Wiki sagt u.a.

Häufig müssen die Anteilseigner des insolventen Unternehmens nach Abschluss der Insolvenz entschädigungslos auf ihre Rechte am Unternehmen verzichten, da das Gericht alle Altverbindlichkeiten des Unternehmens und Rechte an ihm aufhebt (engl. rights and interests are being terminated). An die Stelle der Alteigentümer rücken dann anteilig die Gläubiger, entsprechend ihrem Anteil an den Gesamtverbindlichkeiten.

 

[CampFire Hero]

Der ist früher weg als er glaubt.

Naja, wie weg?
Schlimmstenfalls sackt er noch Beraterhonorare und Kompensation für seine Anteile ein, oder gar noch ein Jahr als CEO.

" Court papers call for a one-year consulting deal and compensation package for Juszkiewicz. A representative for the company didn’t immediately respond to questions about whether Juszkiewicz will remain as CEO or in a separate role."

 

[TheMystery]

laut music trades verlieren sowohl Henry als auch Dave Berryman ihr Anteile und sollen einen Jahresvertrag bekommen...

Gibson Files For Chapter 11 Bankruptcy [TBODY] [/TBODY] Reorganization plan wipes out shareholders [TBODY] [/TBODY]

LOOMING MATURITIES on approximately $500 million in debt have forced Gibson Brands to file for chapter 11 bankruptcy protection on May 1. Under a proposed reorganization plan, the company will liquidate the consumer electronics business it acquired from Philips in June of 2014 and focus its resources on its musical instrument business, which includes the Gibson and Epiphone guitar brands, and the KRK and Stanton audio brands, according to documents filed in a Delaware court. Court filings indicate that 69% of the bond holders have agreed in principle to provide $135 million in debtor-in-possession financing to fund the continuing operation of the musical instrument business during the bankruptcy proceedings. The proposed reorganization plan wipes out the ownership stake of existing Gibson shareholders, including CEO Henry Juszkiewicz, who held a 36% stake, and President Dave Berryman, who held a 49% stake. However, Berryman will be retained for a one-year period at a salary of $3.35 million to aid in a management transition, and Juszkiewicz will receive $2.1 million to provide consulting services for a year. Juszkiewicz will also receive approximately $1.5 million in profits from the sale of shares in TEAC held by Gibson brands. Juszkiewicz and Berryman will each also receive warrants to purchase a 2.25% interest in the reorganized company over the next five years. Court filings indicate that Gibson's core musical instrument and pro audio businesses are financially viable unlike the struggling consumer electronics division, which operates under the Gibson Innovation banner. In the fourth quarter of 2017, the musical instrument business achieved earnings before interest, taxes, depreciation, and amortization (EBITDA) of $26 million on revenues of $71 million. By contrast, Gibson Innovations had negative EBITDA of $8 million on revenues of $95 million. Gibson guitar revenues for the 12 months ended January 31, 2018 were $122 million, a 10% increase over the $110 million for the same period a year ago. The financial woes of Gibson's consumer electronics business, which sells headphones, speakers, and a range of accessory products, became critical in early 2017. Due to a 25% drop in revenues, the company had its vendor credit lines trimmed by more than $100 million, significantly reducing its ability to secure inventory. Simultaneously, it lacked the cash to pay the steep costs associated with laying off legacy Philips employees in Asia, Europe, and Latin America. Brian Fox, a partner with the law firm Alvarez & Marshall, who serves as chief restructuring officer, explained, "The company was trapped in a vicious cycle where it lacked the liquidity to buy inventory and drive sales, while at the same time it lacked the liquidity to rationalize its workforce to match its diminished operations." As finances deteriorated during the course of 2017, Gibson retained investment banker Jefferies Group LLC to develop a reorganization plan. During the course of 2017, Jefferies contacted 57 entities, both financial and strategic, about participating in either a sale or recapitalization of the company. In a court filing, Fox explained, "Financiers who reviewed the company saw the Gibson brand as strong and a great opportunity in the m.i. business. But the challenges of the Gibson Innovation business were too great to commit to a refinancing of the entire company." Juskiewicz said of the bankruptcy proceedings, "Importantly, this process will be virtually invisible to customers, all of whom can continue to rely on Gibson to provide unparalleled products and customer service. Over the past 12 months, we have made substantial strides through an operational restructuring. We have sold non-core brands, increased earnings, and reduced working capital demands. The decision to re-focus on our core business, musical instruments, combined with the significant support from our noteholders, we believe will ensure the company's long-term stability and financial health." [TBODY] [/TBODY] Brian T. Majeski editor brian@musictrades.com [TBODY] [/TBODY] [TBODY] [/TBODY]

[TBODY] [/TBODY]

 

[Bass Fan]

In some cases, you can identify forward-looking statements by terminology such as "believes," "anticipates," "plans," "expects," "intends," "estimates," "projects," "should," "will," "may," "would," "contemplates," "aims," "pro forma" and "might," the negative of such terms or other comparable terminology.

Ich mache die Aussagen erstmal an den o.g. Begriffen fest, von Belastbarkeit lese ich da mal nicht viel...

 

[Paruwi]

Interessant.....

 

[musikuss]

WTF!!!? Das wäre ein Coup.

 

[hoss]

Fake.

 

[Bruce_911]

Die Bonamassa-Meldung halte ich für Publicity. Er mag ein wenig innovativer, wenn auch begabter Klampfer sein, aber 700 Mio Schulden kann er nie und nimmer stemmen. Da sind wir in Bereichen der Schwerindustrie.
Fake! Right.

 

[Paruwi]

Fake.

hab's vermutet - aber dennoch interessant, wie schnell solche 'Fake-News' rumgehen

 

[Hokey]

Ich finde die Meldung nicht auf der FT-Website.

 

[musikuss]

Aber vielleicht bewirbt er sich als neuer CEO ..

Rückbesinnung auf alte Stärken/ Kerngeschäfte dürfte bei ihm sicher drin sein.

 

[CampFire Hero]

Aber vielleicht bewirbt er sich als neuer CEO ..

Rückbesinnung auf alte Stärken/ Kerngeschäfte dürfte bei ihm sicher drin sein.

Scherzerl?
Die Investmentbanker die da herumwuseln verspeisen den Bonamassa zu Frühstück.