Tag Archives: Guitar Center

Guitar Center restructuring, prepares to file for bankruptcy

Posted by on November 17, 2020

    Musical instrument retailer Guitar Center is preparing to file for bankruptcy. It was announced late last week that the company has “entered into a comprehensive Restructuring Support Agreement (the “RSA”)” with its key stakeholders to reduce its debt. The RSA is designed to bring Guitar Center back to its pre-COVID financial trajectory by […]

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Guitar Center on verge of possible bankruptcy filing

Posted by on October 27, 2020

    Guitar Center could be the next retailer to file for bankruptcy due to the pandemic.  According to the New York Times, sources close to the situation revealed that the company missed a roughly $45 million interest payment earlier this month. That set off a 30-day grace period where if the payment is not […]

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Guitar Center forces employees to sign arbitration agreements with threats of termination

Posted by on January 15, 2016

The musical instrument retail giant Guitar Center told their employees to sign a new arbitration agreement by the end of the month, otherwise they will be immediately terminated. An arbitration agreement is a contract in which you agree to bring any legal claims you may have against your employer to arbitration, rather than filing a […]

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Investors pull $11 million from Guitar Center

Posted by on February 13, 2015

Things are just going from bad to worse for Guitar Center. As reported earlier this month, the music equipment super-store made plans to axe a bunch of corporate folk. That number went from 40 upwards to 180 people, and the hits just keep coming. In a report from Gear Gods: “Guitar Center’s secured bonds have […]

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Guitar Center axes corporate staffers

Posted by on February 3, 2015

According to an internal email, the mighty Guitar Center continutes to crumble before our very eyes. The leaked email, from new CEO Darrell Webb, announces a plan to “reduce corporate and field supervision staff.” The internal email, from GearGods: “After a comprehensive evaluation of our staffing levels, including a detailed benchmarking of staffing levels by function and […]

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The new Times Square Guitar Center is very guitary

Posted by on August 11, 2014

Until last week, when you mentioned guitars and Times Square in the same sentence, this guy was probably the only thing to come to mind. That was before Guitar Center opened a flagship store in the center of the commercial universe. And business seems to be booming – at least if you judge by the […]

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John 5 (Rob Zombie Guitarist): “The Grass Is Not Always Greener, And I’m Really Happy With What I’m Doing”

Posted by on April 25, 2012

Chances are John 5 is best known for his work with Rob Zombie. However, the collection of musicians the guitarist has performed and written music with reads as a “who’s who” list: everyone from Marilyn Manson to David Lee Roth, from Rob Halford to Lynyrd Skynard, and from Meatloaf to K.D. Lang. Yet despite keeping […]

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Slash Announces Winner Of Guitar Center Competition

Posted by on July 14, 2010

State Line Empire has been chosen as the winner to Slash and Guitar Center’s Your Next Record competition.

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Guitar Center Subject Of Class Action Lawsuit

Posted by on September 24, 2009

Hey musicians, did you buy a guitar from musical instrument giant Guitar Center between 2005 and 2007? If so, you might be eligible for a settlement. A class action lawsuit has been filed against both Guitar Center and the National Association of Music Merchants (NAMM), claiming that the two conspired to fix pricing on fretted instruments including […]

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