TOKYO — Electric guitar maker Fernandes has entered bankruptcy proceedings after the Tokyo District Court granted permission on July 9, Nikkei learned on Thursday. The company, headquartered in Japan’s Saitama prefecture, has a total debt of about 730 million yen ($4.9 million).
Founded in 1969, Fernandes guitars have been used by famous artists in Japan like Tomoyasu Hotei and Hide. The brand was also popular with noted foreign musicians, including Metallica’s lead guitarist Kirk Hammett, Night Ranger’s Brad Gillis and punk band Green Day’s frontman, Billie Joe Armstrong.
