Gibson "not for sale"
1st Oct 2009 | 11:56
Chairman slams rumours of Peavey takeover
Following unsubstantiated reports yesterday speculating about the possible sale of the Gibson Guitar company to Peavey, Gibson Chairman Henry Juszkiewicz has made a statement to UK trade magazine MI Pro refuting any talk of takeovers or financial difficulties.
Here's the statement in full:
"I would like to set the record straight as to the persistent rumors that Gibson Guitar is being sold. These rumors seem to originate from an individual source and they are simply not true.
"Gibson is doing very well. There have been no discussions with Mr Peavey. While we were affected by the economic downturn, we continue to be profitable and are much less leveraged than many of our honorable competitors. We have gained market share, we are profitable and we are really feeling good.
"Gibson has been the butt of rumors for years. Many of them are started to undermine our credibility in the market place and the flames are fanned by competitive sales people. You would think after 25 years, things would have settled down.
"We will continue to take pride in offering our consumers the best product available, an instrument that is not only innovative and the best quality but one that resonates the legacy in which we are known for."