Guitar Center files for bankruptcy - <insert funeral march music here> | |
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Anonymous Coward User ID: 78831082 United States 11/22/2020 03:44 PM Report Abusive Post Report Copyright Violation | The retailer has negotiated to have a total of $375 million in debtor-in-possession financing from its existing lenders and intends to raise $335 million in new senior secured notes, the company said in a statement. Quoting: AggregateThreat Earlier this month the company reached a restructuring agreement with key stakeholders that includes debt reduction by nearly $800 million and new equity investments of up to $165 million to recapitalize the company. The company in a court filing said it has between $1 billion and $10 billion of both assets and liabilities. [link to www.foxbusiness.com (secure)] They are way over priced and never have my guitar strings in stock. I always end up going to Musician's Friend dot com |
Butch DeFeo User ID: 72656347 United States 11/22/2020 03:54 PM Report Abusive Post Report Copyright Violation | Guitar center sells noisy XLR cables. Guitar center is the radio shack of the music instrument industry. :DOCSRBAFFLED::redblueLED::DONTBEAPANDEMICS: Only you can stop the fake pandemic for yourself, no one will ever tell you the pandemic is over. It's time to WIN. |
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President Elect Glockster User ID: 74460468 United States 11/22/2020 04:04 PM Report Abusive Post Report Copyright Violation | Their used deals and trade in stuff setup was great. Pick out used gear you want and have it shipped to your local store, and pick it up or have then ship it directly to you. A lot of stuff that was very lightly used could be had with a virtual network of stores spanning the whole country. It was (in my opinion) the best part about it. I buy all my new gear at Sweetwater or Musicians Friend. |
Anonymous Coward User ID: 26116816 United States 11/22/2020 04:07 PM Report Abusive Post Report Copyright Violation | The retailer has negotiated to have a total of $375 million in debtor-in-possession financing from its existing lenders and intends to raise $335 million in new senior secured notes, the company said in a statement. Quoting: AggregateThreat Earlier this month the company reached a restructuring agreement with key stakeholders that includes debt reduction by nearly $800 million and new equity investments of up to $165 million to recapitalize the company. The company in a court filing said it has between $1 billion and $10 billion of both assets and liabilities. [link to www.foxbusiness.com (secure)] They are way over priced and never have my guitar strings in stock. I always end up going to Musician's Friend dot com Thanks. Now I know where not to buy strings. |
URSnowflake User ID: 79650803 United States 11/22/2020 04:13 PM Report Abusive Post Report Copyright Violation | Their used deals and trade in stuff setup was great. Pick out used gear you want and have it shipped to your local store, and pick it up or have then ship it directly to you. A lot of stuff that was very lightly used could be had with a virtual network of stores spanning the whole country. It was (in my opinion) the best part about it. I buy all my new gear at Sweetwater or Musicians Friend. Quoting: President Elect Glockster They were great at one time. Used to go there ages ago in L.A.. They had just about everything and always cut deals to move inventory. But I'm not buying ANY used gear unseen and online. Unless its an unboxed at Sweetwater. Reason in the land of the unreasonable. |
Anonymous Coward User ID: 74134878 United States 11/22/2020 04:14 PM Report Abusive Post Report Copyright Violation | The retailer has negotiated to have a total of $375 million in debtor-in-possession financing from its existing lenders and intends to raise $335 million in new senior secured notes, the company said in a statement. Quoting: AggregateThreat Earlier this month the company reached a restructuring agreement with key stakeholders that includes debt reduction by nearly $800 million and new equity investments of up to $165 million to recapitalize the company. The company in a court filing said it has between $1 billion and $10 billion of both assets and liabilities. [link to www.foxbusiness.com (secure)] If your not shopping at Sweetwater you got issues..lol GC sux for years. Zzounds or American Music Supply if you want pay as you go options. |
Paranoid420 User ID: 6428417 United States 11/22/2020 04:21 PM Report Abusive Post Report Copyright Violation | They will take a 5000$ guitar, hang it up, expose it to dust, allow people with belt buckles and shirt buttons, kids with shit around there necks to play it. scratch the shit out of it. and then still attempt to sell it. you go there to try shit and then you go home and call your sweetwater guy and a perfect one shows up at your house professionally setup. Last Edited by Paranoid420 on 11/22/2020 04:22 PM |
Arlie27 User ID: 79141158 11/22/2020 04:26 PM Report Abusive Post Report Copyright Violation | It's a bit hard to shop at their stores and buy shit when they keep closing their stores. They shut themselves down. They also have poor online sales service, like the whole place was being run by a bunch of amateur guitar stoners. |
Anonymous Coward User ID: 79605804 United States 11/22/2020 04:34 PM Report Abusive Post Report Copyright Violation | I believe Musicians Friend is owned by Guitar Center. Not everyone needs or can afford a 1000+ guitar every year, especially with an ever-growing used market each year created by those same manufacturers and sellers and players. It takes a long time for an individual guitar to 'die', unlike a car (except if Pete Townshend gets near it). |
Zetetic Ben User ID: 78710158 United States 11/22/2020 04:48 PM Report Abusive Post Report Copyright Violation | |
ACME_MAN User ID: 24352866 United States 11/22/2020 04:51 PM Report Abusive Post Report Copyright Violation | BLUES music being played at company headquarters according to reports. ; ) Dedicated to the brave men who fought and laid down their lives on the beaches of Normandy and the plains of Europe . . . that their sacrifice was not in vain. [link to www.youtube.com (secure)] |
Goby User ID: 78234390 United States 11/22/2020 04:58 PM Report Abusive Post Report Copyright Violation | The retailer has negotiated to have a total of $375 million in debtor-in-possession financing from its existing lenders and intends to raise $335 million in new senior secured notes, the company said in a statement. Quoting: AggregateThreat Earlier this month the company reached a restructuring agreement with key stakeholders that includes debt reduction by nearly $800 million and new equity investments of up to $165 million to recapitalize the company. The company in a court filing said it has between $1 billion and $10 billion of both assets and liabilities. [link to www.foxbusiness.com (secure)] They are way over priced and never have my guitar strings in stock. I always end up going to Musician's Friend dot com Guitar center owns Musicians friend in case you didnt know: In 2000, Guitar Center purchased mail order and Internet retail house Musician's Friend for $50 million, asserting that the merged company was the world's largest seller of musical instruments. Goby |
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