Fernandes has shut down. This probably won’t affect any of us as Fernandes stopped selling guitars in the USA years ago and Sustainiac took over the sustainer pickup market.
Not in the USA, but couldn't tell you the last time I saw a new Fernandes guitar. Seen a few new Burny guitars for sale recently however and hadn't realised they were part of that family. That will have an impact here in the UK I think.
Maybe they can come back by selling guitars on Reverb held together with rusty 6 penny nails and rough unfinished wood. Just charge $4,000+ and they'll be back in no time.
I am surpised that their total debt if I'm reading this right is less than $3 million... that really isn't THAT much money, you would think the Fernandes brand is worth more than that and that they'd be able to sell to someone who'd keep the doors open but I also don't know or understand anything about finance so maybe that's stupid nevermind
One of my local shops always has a few Fernades guitars laying around in their used selection.
I've played a bunch of the years but never really played one that I wanted to take home. They're always OK for the money though.