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 …
Tag Archives: Guitar
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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IDLES to raffle guitar amps to support #saveourvenues campaign
IDLES are raffling off one of their guitar amps in support of the Music Venue Trust’s #saveourvenues campaign. After the music industry celebrated over 1,000 venues, festivals and theatres being awarded the first share of the £1.57billion Cultural Recovery Fund earlier this year, the MVT this month highlighted the 30 UK music venues which received …
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Herobust Drops Emotional Single “Remember” with San Holo on Guitar [MUST LISTEN]
Herobust just hit us smack dab in the feels with his new production, “Remember.” The playful, melodic single lives and breathes nostalgia, as Herobust captivates our ears and hearts with the most emotional track we’ve heard from him. “Remember” seamlessly works in a reminiscent vocal hook with a world of uplifting sounds before exploding into a …
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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 …