Ares financial loaned GC a lot of money and is looking to take payment in the form of ownership of the company. Where I come from, that’s a job for the Repo Man.
The more you look at Guitar Center’s finances, the more you’re confronted with the dark skies of an untimely doom.
It is with regret – and we certainly wish GC well, but it’s important for us to provide musicians with a thorough and professional representation of our products. We work hard to exceed expectations in everything we do, so it’s vital that we have a focused network of dealers who share our commitment and […]
It always starts at NAMM Depending on who’s doing the talking, NAMM 2013 was either the greatest it’s been since before the recession, or it was packed full of cautiously optimistic manufacturers that had nowhere else to look but up. TheToneKing.com’s own experience at NAMM was just as ambivalent. Amongst the deal making and the […]
Marc Johnson for TheToneKing.com From all sides, it looks like Guitar Center may be in a slow spiral into oblivion. That sounds harsh, but things aren’t going well for the company and haven’t been for years. Moody’s downgraded them…again. S&P Downgraded them…again. They haven’t posted a net profit in several years. They’re […]