The Night Time Industries Association (NTIA) has warned MPs about the growing rent crisis facing the UK’s nightclubs as a result of the coronavirus pandemic. The NTIA, which represents the interests of nightclubs, bars, music and entertainment venues across the UK, addressed the All Party Parliamentary Group for the Night Time Economy yesterday (May 11) …
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Guitar Center files for chapter 11 bankruptcy amid debt restructuring efforts – Dancing Astronaut
by: Rugby Scruggs Nov 26, 2020 On Saturday, November 21, the nation’s largest retailer of music equipment filed for Chapter 11 bankruptcy in the midst of debt restructuring. The beloved Guitar Center, which has long been a second home for DJs and producers thanks to their hearty inventory of Pioneer DJ products and other electronic …
Guitar Center Files Bankruptcy, Expects Recovery by End of Year
Guitar Center has filed for Chapter 11 bankruptcy along with efforts to restructure and refinance the company. Even before the pandemic happened and the shutdown began, online retailers such as Sweetwater became direct and fierce competitors with Guitar Center. Still, the nation’s largest retailer of music instruments expects to bounce back from bankruptcy by the end …
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US retail giant Guitar Center reportedly preparing to file for bankruptcy this weekend
US retail giant Guitar Center is reportedly preparing to file for Chapter 11 bankruptcy this weekend. As reported by Bloomberg, the chain and its private equity owner Ares Management are in the process of finalising bankruptcy terms with support from most of its creditors. This could see the company apply for pre-packaged bankruptcy protection as …