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Thread: GC restructuring

  1. #1

    GC restructuring

    Looks like they want to refinance rather than declare chapter 11. Doesn't look like a done deal, though.
    https://www.retaildive.com/news/guit...graded/512290/
    Brad
    F212: 1964 ,AA: 1975 ,Mark V:1975 ,F50:1976, D-55,1979; X170:1986, F-40:2007, F512:2010, T-250:1986, Masterbilt:AJ500RCNS:2006, Gibson Chet Atkins CE:2001, Godin ACS:1999, Giannini 7-string classical, Epi Korean Howard Roberts Custom:1995, Pawless Mesquite Special, 2012. My trio's site: http://bradbilljanet.blogspot.com/

  2. #2
    Super Moderator fronobulax's Avatar
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    Thanks.
    Quote Originally Posted by mgod View Post
    What he said.

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  3. #3
    Senior Member walrus's Avatar
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    Interesting...

    walrus
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  4. #4
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    If TPC is holding some of that debt (remember them closing New Hartford?), GC is sunk.

    J.Crew looks to be in trouble, awww poor TPC.

    Haven't eaten at Burger King since, but don't think they miss me...
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  5. #5
    Despite my lack of love for GC....I don't want to see them fail.
    D-40 Std New Hartford 2012
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  6. #6
    a couple thoughts...this should help dismantle the CITES regulations as they pertain to guitars, and...

    things like guitar strings, picks, etc may skyrocket in price?

  7. #7
    Senior Member dreadnut's Avatar
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    No mention of Musicians Friend...
    "The air's as still as the throttle on a funeral train." John Prine

    '76 D-25M
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  8. #8
    damn, that is where i get my strings most months. not shocked however, when i go in there, i dont see tons of customers, though could be time of day etc. and the acoustic selection is woeful at the GC i frequent. even the sting choice is not awesome.

    this is quite telling:

    "An effort to restructure Guitar Center's debt could ease the company’s burden, but the guitar retailer and Ares Capital, which took over Guitar Center in 2014, would need its lenders on board with a restructuring plan."
    Last edited by Westerly Wood; 12-08-2017 at 05:44 PM.
    Wood

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  9. #9
    Super Moderator fronobulax's Avatar
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    Quote Originally Posted by dreadnut View Post
    No mention of Musicians Friend...
    Why would you expect it to be mentioned? If the parent company goes under then the subsidiaries go with it. Were you perhaps thinking it is doing so well that spinning it off might raise funds for the parent company?
    Quote Originally Posted by mgod View Post
    What he said.

    '67 Starfire I Bass (Cherry)
    '71 JS II Bass (Walnut)
    '82 B-50 Acoustic Bass (Natural)
    '87 Pilot (Black)
    '13 Newark Street Starfire Bass (Cherry)
    '16 Betts Bass "Walnut Bottom"

    LMG I, II, III

    This space available.

  10. #10
    Super Moderator fronobulax's Avatar
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    Quote Originally Posted by mavuser View Post
    a couple thoughts...this should help dismantle the CITES regulations as they pertain to guitars, and...

    things like guitar strings, picks, etc may skyrocket in price?
    As usual, I'm not following you on these. I'm thinking that GC is a distributor and retailer, rather than a manufacturer. I don't see how import/export regulations are effected and if the demand for strings, etc. remains the same, other suppliers will pick up the slack.
    Quote Originally Posted by mgod View Post
    What he said.

    '67 Starfire I Bass (Cherry)
    '71 JS II Bass (Walnut)
    '82 B-50 Acoustic Bass (Natural)
    '87 Pilot (Black)
    '13 Newark Street Starfire Bass (Cherry)
    '16 Betts Bass "Walnut Bottom"

    LMG I, II, III

    This space available.

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