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In the late 50s, Mc Carty knew that Gibson was seen as a traditional company and began an effort to create more modern guitars.In 1961 the body design of the Les Paul was changed due to the demand for a double-cutaway body design.Between 1942-1945, Gibson employed women to manufacture guitars."Women produced nearly 25,000 guitars during World War II yet Gibson denied ever building instruments over this period," according to a 2013 history of the company.The company (Gibson) was within three months of going out of business before it was bought by Henry E. In 2011, Gibson acquired the Stanton Group, including Cerwin Vega, KRK Systems and Stanton DJ.Gibson then formed a new division, Gibson Pro Audio, which will deliver professional grade audio items, including headphones, loudspeakers and DJ equipment.Since its opening, the Gibson Memphis shop has mostly focused on building hollow and semi-hollowbody guitars, such as the famed ES series.Presumably, this shuffling of assets is meant to address Gibson's well-publicized financial troubles.

In 2014, Gibson acquired the consumer electronics business of Royal Philips.In October 2017 Gibson announced Gibson brands is set to relocate its Memphis operations to a smaller location and plans to sell the massive facility that it currently calls home.The Nashville-based guitar maker opened the Memphis facility 18 years ago, which currently occupies just a portion of a massive 127,620 square foot complex.In 1986, the company was acquired by its present owners. In 1936 Gibson introduced their first "Electric Spanish" model, the ES-150 followed by other electric instruments like steel guitars, banjos and mandolins.Gibson is a privately held corporation owned by its chief executive officer Henry Juszkiewicz and its president David H. In addition to guitars, Gibson offers consumer electronics through its subsidiaries Gibson Innovations (Philips brand), TEAC Corporation (Teac and Esoteric brands), Onkyo Corporation (Onkyo and Pioneer brands), Cerwin Vega and Stanton, Orville Gibson began to sell his instruments in 1894 out of a one-room workshop in Kalamazoo Michigan. During World War II, instrument manufacturing at Gibson slowed due to shortages of wood and metal, and Gibson began manufacturing wood and metal parts for the military.

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