Spent some time today initially just to see if there's news on Dave Simmons and the whole trademark/court case thing. I did read through the initial thread here on vdrums.com again - dating back to 2006 - and continued re-reading the thread about Guitar Center on the ropes started by Kurth in January 2013.
Inside that thread was a link from 'The Tone King' - a mostly guitar-oriented gear review website - which featured a little background history on Guitar Center, the involvement of 'Bain Capital', and the current financial situation of Guitar Center.
Particularly, its heavy debt, a $2 billion figure in sales, dropping down to a mere $170 million in earnings, a downgrading by the analytics, and the '...cluster-frak sundae...' that their finances apparently are. Closing with the question, where Guitar Center was heading next.
Well, and here we are... that's what this thread shall be about and that's what I wondered ...curious as I am!
Fueled by this, I checked 'The Tone King' site and found the follow-up article that's most current:
http://thetoneking.com/wp/overload-h...debt-come-due/
I'd like to finish with Kurth's words:
"I shudder to think of the short-term repercussions, lots of manufacturers depend on GC."
HTH
Inside that thread was a link from 'The Tone King' - a mostly guitar-oriented gear review website - which featured a little background history on Guitar Center, the involvement of 'Bain Capital', and the current financial situation of Guitar Center.
Particularly, its heavy debt, a $2 billion figure in sales, dropping down to a mere $170 million in earnings, a downgrading by the analytics, and the '...cluster-frak sundae...' that their finances apparently are. Closing with the question, where Guitar Center was heading next.
Well, and here we are... that's what this thread shall be about and that's what I wondered ...curious as I am!
Fueled by this, I checked 'The Tone King' site and found the follow-up article that's most current:
http://thetoneking.com/wp/overload-h...debt-come-due/
I'd like to finish with Kurth's words:
"I shudder to think of the short-term repercussions, lots of manufacturers depend on GC."
HTH
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