The guitars were en-route to Sweetwater, whose Chief Supply Chain and Merchandising Officer said, ”Somehow out of a truck full of guitars, this ONE pallet was singled out and stolen at a truck stop.”
A former Gibson employee said the company ”literally could not sell these guitars and they were on the books,” and ”investors were all trying to clean up the mess before the end of the fiscal year.”
Gibson plans to continue designing and selling musical instruments, but will do away with its Gibson Innovations unit, where its Philips branded electronic accessories, like headphones and speakers, are made.
"The Federal Department of Justice in Washington, D.C. has suggested that the use of wood from India that is not finished by Indian workers is illegal, not because of U...