Stanton and KRK might be heading for bankruptcy. This comes after their mother company, world renowned guitar maker Gibson, filed for bankrupcy.
Gibson has been in business since 1902, and Gibson Les Paul guitars are one of the most iconic guitar models in the world, partly due to the fact that they have found their way into the talented hands of celebrities like Eddie Van Halen, Slash and Eric Clapton. Their sub-companies, like Stanton, Cerwin Vega and KRK, are well known and respected players in their respective markets, with Stanton making more affordable DJ gear, and Cerwin Veja and KRK making studio-grade speakers.
Analysts say that Gibson’s decision is valid, as it is the only way to pay their massive 500 million dolar debt. Stanton is almost sure to be done, due to failing to keep up with the DJ gear market. KRK and Cerwin Vega are still very big players in the loudspeaker market, and are likely to continue on, but nothing is for sure at the moment. If these sales go through though, they are sure to rake in a good amount of money, thus allowing Gibson to focus on guitars and saving them from insolvency.