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Happy New Year! You’re fired! : Guitar Center Just Laid Off 180 Employees

Happy New Year! You’re fired! : Guitar Center Just Laid Off 180 Employees

Guitar Center rang in the New Year by laying off 180 employees on Jan 28th. This follows what has been a shit-sandwich of a year for the music instrument retailer.

Breaking Up is Hard To Do: Behringer and Guitar Center Part Ways

Breaking Up is Hard To Do: Behringer and Guitar Center Part Ways

In what is slowly becoming a mass exodus for manufacturers, Guitar Center has lost yet another one. Guitar Center severed ties with Behringer right after Behringer said that they were putting GC on “business hold”

Guitar Center Dismisses Bugera.  Really?

Guitar Center Dismisses Bugera. Really?

So – apparently some dirty laundry got aired for us

Guitar Center and Bugera / Behringer : Fight Club

Guitar Center and Bugera / Behringer : Fight Club

Guitar Center dismisses Behringer because of Guitar Center’s own Financial Situation. Check it ….

Everything is Awesome: Guitar Center Gets New Owners

Everything is Awesome: Guitar Center Gets New Owners

Remember how we said that Ares was poised to buy Guitar Center from Bain Capital a couple of weeks ago? Yeah. So, that happened.

Overload: Has Guitar Center's Debt Come Due?

Overload: Has Guitar Center’s Debt Come Due?

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 Debt Pyramid: How Guitar Center Paid Its April 2013 Obligation

The Debt Pyramid: How Guitar Center Paid Its April 2013 Obligation

The more you look at Guitar Center’s finances, the more you’re confronted with the dark skies of an untimely doom.

Mesa Boogie Boogies on Guitar Center

Mesa Boogie Boogies on Guitar Center

  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 […]

The New Game: Manufacturers Brace Themselves For a Possible Guitar Center Implosion

The New Game: Manufacturers Brace Themselves For a Possible Guitar Center Implosion

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 […]

Life Support: How Long Until They Pull the Plug on Guitar Center?

Life Support: How Long Until They Pull the Plug on Guitar Center?

  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 […]