Fernandes Guitars Files for Bankruptcy
After 55 years of business, Japan’s Fernandes Guitars has filed for bankruptcy. The company made the announcement on its website.
“Fernandes Co., Ltd. (hereinafter referred to as ‘Fernandes’) is currently owed a considerable amount of debt to multiple creditors, and unfortunately, it has become impossible to continue business,” they wrote. “We apologize for the inconvenience caused to creditors and related parties, but in light of the total amount of debt, Fernandes plans to file for bankruptcy proceedings as soon as possible. Creditors and business partners who have claims or debts against Fernandes will be contacted in writing by the attorney representing them in the bankruptcy proceedings… We apologize for the inconvenience and thank you for your patronage over the years.”
Fernandes is best known for their budget line of imported instruments in the style of Fender and Gibson. The brand was favored by artists like Robert Trujillo, Kirk Hammett, Billie Joe Armstrong, and more.
It’s unclear whether Fernandes will be acquired by another company or cease to exist altogether. We’ll keep you updated with details as they emerge.
In his time with No Treble, Kevin has met hundreds of amazing bassists and interviewed icons like Jack Casady, Victor Wooten, Les Claypool, Marcus Miller, and more. He's a gigging bassist performing jazz in Northern Virginia and bluegrass with The Plate Scrapers up and down the East Coast. Kevin appreciates all genres of music, from R&B to metal and everything in between. Connect with Kevin on Facebook and check his performance schedule on his website.
No loss.