NASHVILLE, TN â€” Gibson Brands is bringing music back to the historic Tower Records Sunset Strip location on January 1, 2015, it was announced today by Henry Juszkiewicz, Chairman and CEO of Gibson Brands.Â Gibson Brands will roll out a lengthy renovation process to update the space while still paying tribute to the legendary music store that was the center of the Los Angeles music scene for decades. Gibson has signed a 15-year lease for the rectangular one-story building.
â€œGibson Brands and Tower Records have both always been about the music,â€ commented Juszkiewicz.Â â€œWe want to reinvent this site to be the international phenomenon that its legacy deserves. Gibson Brands is dedicated to innovation, prestige and improving the quality of life and music for its customers. Our goal is to provide the most exceptional customer audio products and experiences in the world.â€
The Tower Records retail music chain was started in 1960 in Sacramento. Within a decade, it turned into a retail powerhouse with locations across the west coast.Â These locations included the first building specifically built on a prime piece of real estate at 8801 Sunset Blvd in the middle of the Sunset Strip. Constructed in 1971, the Tower Records Sunset Blvd building was a haven for the likes of John Lennon, Elton John, Dave Grohl, Chuck D, Adam Levine, Bruce Springsteen and many others who poured through the stacks of vinyl and boxes of CDs.Â It was also the center of the Los Angeles music scene, playing host to regular concerts from high profile artists. By the 1990s, Tower Records had expanded worldwide with 213 stores, with record sales in 1999 ofÂ $1 billion.Â The legendary chain closed its doors in the U.S. in 2006.
Gibson Brands, the fastest-growing company in the music and sound industries, was founded in 1894 and is headquartered in Nashville, Tennessee. Gibson Brands is a global leader in musical instruments, consumer electronics, and professional audio, and is dedicated to bringing the finest experiences to consumers by offering exceptional products with world-recognized brands.
Gibson Brands has a portfolio of over 100 well-recognized brand names starting with the #1 guitar brand, Gibson. Other instrument brands include Epiphone, Dobro, Valley Arts, Kramer, Steinberger, Tobias, Slingerland, Maestro, Baldwin, Hamilton, Chickering and Wurlitzer. In professional audio, KRK Systems, TASCAM, Cerwin-Vega, Stanton, and Cakewalk also continue Gibsonâ€™s tradition of quality in their respective markets. Consumer electronics brands include Onkyo, Integra, TEAC, and Esoteric.
Gibson Brands recently expanded its reach into consumer markets with the acquisition of Philips’ Home Entertainment based in Hong Kongâ€”a company that invented the cassette tape, the CD format, the DVD format, the MP3 and MP4 formats.Â Under the Philips and Fidelio brand names, Gibson Brands continue to represent the ideal combination of innovation, tradition and a dedication to improving design while maintaining the highest level of craftsmanship.
A global company, Gibson Brands has manufacturing, marketing and research and development centers throughout the world.