Guitar Center files for bankruptcy

Re:Guitar Center files for bankruptcy by bsder on Sunday November 22, 2020 @03:28PM (#25180751)

Sweetwater is awesome, no doubt.

However, Guitar Center would be just fine if it didn't have all the debt Bain Capital loaded it with.

Guitar Center needs Chapter 7 bankruptcy, not Chapter 11. Discharge the debt, dump underperforming stores, let the major players bid on the remains, and restart.

Chapter 11 is just playing a shell game with the Bain debt instead of nuking it.

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Re:Guitar Center files for bankruptcy by mortenjorck on Sunday November 22, 2020 @04:17PM (#25181196)

I’m surprised the article doesn’t even touch on the private equity angle. Guitar Center would appear to be another Toys-R-Us in the making, but this coverage doesn’t even hint at it.

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Re:Guitar Center files for bankruptcy by musicale on Monday November 23, 2020 @10:19PM (#25194919)

It does sound like another leveraged buyout resulting in another debt-laden retailer entering bankruptcy.

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