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Well, I'm not gonna spend $49 to see the report.


Me neither. But the point is, the info is available.


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Seems like a sale of Baldwin might have been in the works. (Which could be why a secretary who answered the phone didn't know.) This site is reporting it as a done deal.


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Gibson's guitar business is doing just fine it's the questionable acquisition of other companies that has them in trouble. Their CEO is quoted as having said they want to be the Nike of audio. They should have stuck to making instruments.

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Originally Posted by jarobi
Gibson's guitar business is doing just fine it's the questionable acquisition of other companies that has them in trouble. Their CEO is quoted as having said they want to be the Nike of audio. They should have stuck to making instruments.


Well, not according to this.

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Originally Posted by kpembrook
. (Which could be why a secretary who answered the phone didn't know.).


Yup. It happens surprisingly often even at big corporations that you get some kid on the phone who doesn't know, and just guesses.


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Originally Posted by tend to rush
Originally Posted by jarobi
Gibson's guitar business is doing just fine it's the questionable acquisition of other companies that has them in trouble. Their CEO is quoted as having said they want to be the Nike of audio. They should have stuck to making instruments.


Well, not according to this.


I didn't say their guitars were affordable or of the same quality as before but that the guitar division was still (fine) profitable. In the video, at the 11:30 mark they talk about how Gibson's instrument division is still profitable with $1B in sales. What's killing them, right now, is the looming bond and loan payments coming due from their acquisition of mostly unprofitable businesses.

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Originally Posted by jarobi
Originally Posted by tend to rush
Originally Posted by jarobi
Gibson's guitar business is doing just fine it's the questionable acquisition of other companies that has them in trouble. Their CEO is quoted as having said they want to be the Nike of audio. They should have stuck to making instruments.


Well, not according to this.


I didn't say their guitars were affordable or of the same quality as before but that the guitar division was still (fine) profitable. In the video, at the 11:30 mark they talk about how Gibson's instrument division is still profitable with $1B in sales. What's killing them, right now, is the looming bond and loan payments coming due from their acquisition of mostly unprofitable businesses.


Just like Fender and Guitar Center.


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There are a few active topics right now on PW about Baldwin. If Gibson has sold the brand, wouldn't it be GRAND to find out that the new owners plan on returning manufacturing to the US and reviving the classic Baldwin piano lines we've been discussing -- uprights and grands? Oh I know that is highly unlikely, but one can dream.

Last edited by GC13; 03/02/18 09:26 AM.
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That would be nice!


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I agree GC13


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The simplest view of it is that all those parentheses mean they're losing money.


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According to Allpianos.com the Baldwin Brand is still owned by Gibson.

Last edited by James9926; 03/09/18 03:27 AM.
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There are many websites that will tell you that the Baldwin brand is owned by Gibson. Assessing their credibility is problematic.Websites are not always updated promptly, for instance, so a change may not be noted until much later than it happens. I believe that Gibson still owns Baldwin due to the lack of any official announcement, not because of what is on an unofficial website.


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If there is a new owner, or will be a new owner, I wonder if they will continue to list the unavailable Artist models on the website.


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Originally Posted by James9926
According to Allpianos.com the Baldwin Brand is still owned by Gibson.

Can we expect a press release at all pianos dot com when/if a sale is transacted? whome ha


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If the parent company is having problems, then I suspect that both Baldwin Pianos and Gibson Guitars are viable entities on their own, and will survive any sort of re-org or fire sale.


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I'm no financial guru, but I believe it's not uncommon for secrecy (media blackout) before a possible bankruptcy for major corporations. Generally the public is the last to know with that.
Does look as if they are selling (doesn't say "sold") Baldwin...
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Gibson is desperately trying to make ends meet - selling its Baldwin piano brand and hiring investment bank Jeffries to assist.


Wonder who will get Baldwin. I do think that even though the current environment in the US manufacturing and regulatory world is ripe for someone to make a try here in the USA--- and it would be nice to see it happen---- is there a robust enough demand in the US market for pianos?

Edit:
Just for your consumption-- the numbers are pretty bleak
USA Piano sales are basically on life-support I'd say:
https://www.statista.com/statistics/452772/number-of-pianos-sold-in-the-us/

Last edited by Rick_Parks; 03/13/18 04:24 PM.

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You can thank the computer age for those numbers too!


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Hey, there are advert links to those Chibson sites at the bottom of my page!


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