Fender rival Fernandes Guitar abruptly shuts down its US business and will no longer sell guitars

Fender rival Fernandes Guitars has abruptly announced it has revenge for bankruptcy. 

The company, which was established successful 1969, is champion known for its affordable Fender and Gibson replicas.

The institution has unopen down its website, which now simply reads: 'Fernandes USA section has closed.'

Although celebrated for its knockoffs of much costly guitars, Fernandes counts among its fans Green Day frontman Billie Joe Armstrong, and Metallica lead guitarist Kirk Hammett.

Armstrong has proudly played his Fernandes Revival RST-50, which is based connected nan Fender Strat, astatine astir each Green Day show. 

Affectionately named 'Blue', he has owned nan guitar since he was conscionable 10 years old.

Metallica's Hammett, meanwhile, acquired a Fernandes guitar successful nan early 1980s, which featured connected nan screen of 'The $5.98 E.P.: Garage Days Re-Revisited.'

The institution has besides produced a number of signature guitars complete nan past decades pinch artists including Robert Trujillo, who joined Metallica successful 2003, and Velvet Revolver's Dave Kushner. 

Fernandes announced it was filing for bankruptcy connected July 13, pinch a connection connected its Japanese website which said nan institution had a 'considerable magnitude of debt.' 

'We apologize for nan inconvenience caused to creditors and related parties, but successful ray of nan full magnitude of debt, Fernandes plans to record for bankruptcy proceedings arsenic soon arsenic possible,' nan connection read. 

It added: 'We apologize for nan inconvenience and convey you for your patronage complete nan years,' Guitar.com reported. 

By filing for Chapter 11 bankruptcy, this intends location is still clip for a larger institution to swoop successful and bargain nan institution out. 

Its Japanese section is still running. 

It is not nan first guitar institution to record for bankruptcy protection successful caller years. 

Iconic guitar shaper Gibson filed for bankruptcy protection successful 2018 aft wrestling for years pinch debt, which has mounted to astir $500million. 

Gibson guitars were esteemed by generations of guitar legends. After Chuck Berry died, his beloved cherry-red Gibson guitar was bolted to nan wrong of his coffin lid.

Sam Ash, nan beloved euphony shop chain, besides filed for bankruptcy successful May and has been liquidated and sold.

The caller proprietor of nan 100-year-old concatenation will run a website but each beingness shop locations person closed.

Sam Ash has supplied guitars, pianos, keyboards and drums to countless amateur and master musicians since it opened its first shop successful Brooklyn, New York City, successful 1924.