About one month after formally moving to restructure its debts, Guitar Center has been cleared to exit Chapter 11 bankruptcy. The 61-year-old music-retailer chain recently announced that…
View More Guitar Center Officially Cleared To Exit Chapter 11 Bankruptcy
Guitar Center is filing for Chapter 11 bankruptcy, the latest company to go bankrupt during the pandemic that has decimated America’s retail sector. The 61-year-old…
View More Guitar Center Files For Bankruptcy Protection Guitar Center has begun to prepare for a potential bankruptcy filing that could come as soon as next month, people with knowledge of the situation…
View More Guitar Center Preparing For A Possible Bankruptcy Filing
It looks like Mike Fuller has created quite the shitshow for himself. Mike Fuller, who’s the founder of the boutique pedal company Fulltone, has issued…
View More Guitar Center Drops Fulltone Products Amid Owners Controversial Comments
Moody’s has downgraded the credit rating of Guitar Center, and the Westlake Village-based music retailer is continuing to struggle financially amid the coronavirus (COVID-19) crisis.…
View More Guitar Center Suffers Major Ratings Downgrade From Moody’s: ‘Leverage Remains High & Cash Flow Is Limited’ It should come as no surprise that Guitar Center has furloughed more than 9,000 of its employees due to the coronavirus outbreak. The stores can’t…
View More Guitar Center Furloughs 9,000 Employees
What happens when you take a once proud guitar company and your son inherits the business who has no real-world business experience and has a…
View More A Future NOT SO BRIGHT For One Particular Guitar Company
By Andrew Catania Los Angeles-based guitarist Pete Punckowski always had a problem with standard, everyday guitar picks. He wanted a pick that would fit his…
View More Swiss Picks: Taking One Guitarist At A Time From Jim Dunlop By Andrew Catania Guitar Center which is the largest chain of musical instrument retailer throughout the world has been faced with overwhelming financial hurdles, so…
View More Guitar Center And Its Billion Dollar Debt