Since 1969, Fernandes Guitars has slowly made asserted itself as a go-to provider for budget import guitars. However, the Japanese company has announced that it has filed for bankruptcy.
The company, best known for its lines of Fender and Gibson replica guitars and Sustainer electric guitar pickup, shared the news on 13 July. The company cite “a considerable amount of debt” to be one of the main contributing factors.
The statement on its website reads: “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.”
“We apologise for the inconvenience caused to creditors and related parties,…
