Speaking of Gibson:

The company, which filed for chapter 11 in U.S. Bankruptcy Court in Delaware, said it will continue to operate during the proceedings as it focuses on reorganizing around its core businesses. Gibson plans to wind down its Gibson’s Innovations business, which is largely outside of the U.S.

This is mismanagement at its worst. The Les Paul is my favorite guitar and I’m hopeful that someone will be able to save that instrument.