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Burns London
Burns Guitars London is an English manufacturer of electric guitars and bass guitars, founded by Alice Louise Farrell (1908–1993) and James Ormston (Jim) Burns (1925–1998) in 1959. Ormston Burns Ltd. was bought up by Baldwin Piano Company in 1965, and the company was renamed "Baldwin-Burns". Burns guitars were reintroduced in 1991 under the name "Burns London", and the product line now includes a collector's edition of the first model the company produced. History Jim Burns had a proprietary vibrato system, which was used also on Gretsch guitars. The US brand Ampeg imported British-made Burns guitars for a short time prior to the Baldwin takeover. Apart from the pickguard badge ('Ampeg by Burns of London') these were exactly the same as their British counterparts.Day, p. 33 The company was renamed Baldwin-Burns (latterly Baldwin) and released three amplifiers at the June 1965 NAMM Convention. Collectors insist that the Baldwin-era instruments were somehow inferi ...
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Privately Held Corporation
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ...
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