Gibson

Gibson

Gibson Brands, Inc. (formerly Gibson Guitar Corporation) is an American manufacturer of guitars, other musical instruments, and consumer and professional electronics from Kalamazoo, Michigan and now based in Nashville, Tennessee. The company was formerly known as Gibson Guitar Corporation and renamed Gibson Brands, Inc. on June 11, 2013.Orville Gibson founded the company in 1902 as the "Gibson Mandolin-Guitar Mfg. Co. Ltd." in Kalamazoo, Michigan, to make mandolin-family instruments. Gibson invented archtop guitars by constructing the same type of carved, arched tops used on violins. By the 1930s, the company was also making flattop acoustic guitars, as well as one of the first commercially available hollow-body electric guitars, used and popularized by Charlie Christian. In 1944, Gibson was bought by Chicago Musical Instruments (CMI), which was acquired in 1969 by Panama-based conglomerate Ecuadorian Company Limited (ECL), that changed its name in the same year to Norlin Corporation. Gibson was owned by Norlin Corporation from 1969 to 1986. In 1986, the company was acquired by a group led by Henry Juszkiewicz and David H. Berryman. Gibson sells guitars under a variety of brand names and builds one of the world's most iconic guitars, the Gibson Les Paul. Gibson was at the forefront of innovation in acoustic guitars, especially in the big band era of the 1930s; the Gibson Super 400 was widely imitated. In 1952, Gibson introduced its first solid-body electric guitar, the Les Paul, which became its most popular guitar to date— designed by a team led by Ted McCarty. In addition to guitars, Gibson offers consumer electronics through its subsidiaries Gibson Innovations (Philips brand), TEAC Corporation (TEAC and Esoteric brands), Onkyo Corporation (Onkyo and Pioneer brands), Cerwin Vega and Stanton, as well as professional audio equipment from KRK Systems, pianos from their wholly owned subsidiary Baldwin Piano, and music software from Cakewalk. (See section #Instruments) On May 1, 2018, the company filed for Chapter 11 bankruptcy protection, and announced a restructuring deal to return to profitability by closing down unprofitable consumer electronics divisions such as Gibson Innovations. (See section #Bankruptcy) Upon emergence from bankruptcy protection on November 1, 2018, KKR & Co. Inc. will be the majority owner of the company with the controlling interest.

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