Guitar Center bankruptcy hits final note
Guitar Center announced that it emerged from Chapter 11 bankruptcy proceedings after its reorganization plan was confirmed in federal court on Dec. 17, less than a month after the company filed for bankruptcy. The plan puts into motion a collection of previously announced recapitalizations, including exit financing and the abolishment of all of Guitar Center’s Read More →
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Retailers brace for a pandemic holiday
Small businesses are using the holidays to find new ways to support themselves and their communities.
Read More →Guitar Center plans to file Chapter 11, cites pandemic’s effect on sales
Westlake Village-based Guitar Center plans to file for Chapter 11 bankruptcy, citing the pandemic as a major strain on the company’s resources. In a Nov. 13 news release, Guitar Center said that it had secured up to $165 million in new equity investments to recapitalize the company and reduce its corporate debt by nearly $800 Read More →
Read More →Dubroff: Economist predicts quick recovery from COVID-19 crisis
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Read More →Sprouts hiring 110 employees for new Santa Barbara store
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Read More →JCPenney in Paso Robles to close
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Read More →Thompson: Three steps to real estate recovery
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