> Firearms maker Remington Arms Co. filed for bankruptcy protection for the second time since 2018, weighed down by more debt than it can repay even as fearful Americans buy more guns than ever.
[1]https://www.ft.com/content/141a70c4-1608-4013-9188-f89600679...
Gibson Guitars was founded in 1894, but a lot of the guitars they make today don't work, and are way overpriced also.
KKR renamed them to "Gibson Brands", so I guess some MBA with a PowerPoint thought related merchandise was more important than, you know, making guitars.
[EDIT] that is, I could play a large number of tunes such that they were recognizable and even pleasant-sounding on an ordinary cheap (say, $300-400 used or dent & ding) guitar, but was unable to do so at all on the First Act, which probably needed at least couple hundred dollars of work and parts replacement by a luthier to render it even minimally playable, let alone good-sounding. The neck definitely needed some adjustment, the frets probably needed attention (filing down, perhaps) and the tuners just needed to be replaced with ones that worked. I'm am quite certain almost no otherwise-well-motivated kid could have learned to play on that instrument. It simply did not work.