Höfner has reportedly been saved from bankruptcy by Thomann and GEWA music

Following the news in December that Höfner, the maker of Paul McCartney’s iconic Violin Bass, had filed for bankruptcy, it appears the company has been rescued, according to a press release obtained by YouTuber and guitar industry journalist KDH.

While few details about Höfner’s financial woes were made public when it was revealed it had filed for bankruptcy at the Fürth District Court in Bavaria in December, it was revealed that an insolvency administrator had been appointed, tasked with rectifying debts over a three-month period.

Beatles legend Paul McCartney – with whom the Höfner brand became most commonly associated – called the news of the company’s bankruptcy “very sad”