CBGB Name Up for Sale
Published Oct 15, 2010After shutting its doors in 2006, CBGB has lived on in a variety of different ways. The legendary New York club, which many credit as the birthplace of American punk music, was turned into an expensive clothing retailer for a brief time. Meanwhile, the brand's iconic logo has existed on the T-shirts of real fans and real poseurs up to this day. The future of CBGB remains unknown, however, as the brand is currently up for sale.
CBGB Holdings LLC, a company who owned the name and copyrights since 2008, filed for Chapter 11 bankruptcy in June of this year. Now, CBC News reports that the CBGB name is back on the market.
The rights of the brand belong to the estate of founder Hillel Kristal, who passed away in 2007. Kristal's lawyers are currently accepting offers for the brand. Rather than just go with the highest bidder, the lawyers revealed that they also want to do what's "best for the brand and Hilley's legacy."