GC and MF | Forums

[pedietz]

Sounds like Guitar Center is not going to be able to get themselves out of severe debt for the 2nd or 3rd time and will be closing down at the end of November.

Possibly taking Musicians Friend down with it.

$1.3B of debt.

Not sure if we should expect great Black Friday deals. GC may have to return their stock to Gibson and Fender.

[Dizzyg12]

This explains the 12 emails a day I get from guitar center 😂

[SiberianSunrise]

It's a Chapter 11 debt restructuring. They're not going out of business.