Guitarkyller Posted May 1, 2018 Share Posted May 1, 2018 Looks like the lenders are taking control of the famed guitar makers.....never a good sign. Quote Link to comment Share on other sites More sharing options...
bsewart Posted May 2, 2018 Share Posted May 2, 2018 no it isnt :-( But loks like they are trying to keep guitars, and restructure away from other bad business segments. how do you get $500 million in debt??? I owe less than $10K and I still cant sleep at night!!! http://www.latimes.com/business/la-fi-gibson-bankruptcy-20180501-story.html Quote Link to comment Share on other sites More sharing options...
Kikstand Posted May 2, 2018 Share Posted May 2, 2018 13 hours ago, Guitarkyller said: Looks like the lenders are taking control of the famed guitar makers.....never a good sign. From what I read, it's a good thing. They're going to stick to what they're good at and get out of the bubblegum business. Quote Link to comment Share on other sites More sharing options...
cruisinon2 Posted May 3, 2018 Share Posted May 3, 2018 On 5/2/2018 at 3:23 AM, Kikstand said: From what I read, it's a good thing. They're going to stick to what they're good at and get out of the bubblegum business. Yup...I like chocolate. But if Hershey announces that they're gonna start making pickup trucks, I'm not getting in line to buy one. Diversification ain't all its cracked up to be. If I owned a company, in any industry, I'd much rather be very good at one or two things, than trying to half-a$$ my way through ten... Quote Link to comment Share on other sites More sharing options...
psarkissian Posted May 3, 2018 Share Posted May 3, 2018 Hershey is no longer owned by the family, the y got bought out buy a big food and snack conglomerate years ago. Aside from going into audio areas they weren't prepared for, Gibson also got nailed twice for CITIES violations regarding wood used in their products, and the hefty fines that went with it. Quote Link to comment Share on other sites More sharing options...
cruisinon2 Posted May 3, 2018 Share Posted May 3, 2018 2 hours ago, psarkissian said: Hershey is no longer owned by the family, the y got bought out buy a big food and snack conglomerate years ago. That may be, but it's of little consequence...it's still chocolate, and it still says Hershey on the wrapper. You guys were bought by Yamaha, but the box still says L6 and you're still engaged in the same endeavors. Point is, I wouldn't buy a pickup truck from either of you...'cause it ain't your wheelhouse. Quote Link to comment Share on other sites More sharing options...
psarkissian Posted May 3, 2018 Share Posted May 3, 2018 Exactly. And Gibson was getting away from what it knows, and the fines over CITIES violations was a financial set back. I wouldn't buy a pick-up truck made by me either. I'm a circuit geek. Hershey chocolate factory still smells good from highway, a mile and a half outside of town. Quote Link to comment Share on other sites More sharing options...
pianoguyy Posted May 7, 2018 Share Posted May 7, 2018 I guess we aren't aware of what other businesses the Hershey Trust actually runs, lol. Quote Link to comment Share on other sites More sharing options...
pianoguyy Posted May 7, 2018 Share Posted May 7, 2018 And I am curious... When did Hershey get sold and to who? Quote Link to comment Share on other sites More sharing options...
SeaRefractor Posted September 21, 2018 Share Posted September 21, 2018 There was an attempt to sell to the Mondelez International corp in 2016, but that was rejected by the Hershey trust which still has 80% of the vote. Hershey did sell off two companies they bought Shanghai Golden Monkey and Tyrrells. But Hershey's the parent company is still Hershey's. Quote Link to comment Share on other sites More sharing options...
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