2017 was our 20th year online!

Welcome to the Piano World Piano Forums
Over 3 million posts about pianos, digital pianos, and all types of keyboard instruments.
Over 100,000 members from around the world.
Join the World's Largest Community of Piano Lovers (it's free)
It's Fun to Play the Piano ... Please Pass It On!

Shop our online store for music lovers
SEARCH
Piano Forums & Piano World
(ad)
Best of Piano Buyer
 Best of Piano Buyer
(ad)
Faust Harrison Pianos
Faust Harrison 100+ Steinway pianos
(ad)
Wessell Nickel & Gross
PianoForAll
Who's Online Now
88 members (anotherscott, 36251, Anglagard44, AndrewJCW, aphexdisklavier, APianistHasNoName, ambrozy, accordeur, Abdol, 20 invisible), 901 guests, and 554 robots.
Key: Admin, Global Mod, Mod
(ad)
Estonia Pianos
Estonia Pianos
Previous Thread
Next Thread
Print Thread
Hop To
Guitar Center Announced Restructuring Friday
#3045897 11/14/20 11:14 AM
Joined: Jan 2016
Posts: 2,687
2000 Post Club Member
OP Offline
2000 Post Club Member
Joined: Jan 2016
Posts: 2,687
https://static.guitarcenter.com/sta...-gc-comprehensive-agreement-11-13-20.pdf

https://www.reuters.com/article/guitar-center-restructuring-idUSL4N2I001U

"Guitar Center Announces Comprehensive Agreement to Reduce Debt and Provide Significant Financing to Support Business Plan

Agreement Provides That All Financial Obligations to Vendors, Suppliers and Employees Will Continue to Be Paid in Full in the Normal Course

Business Operations Will Continue Uninterrupted

Agreement Includes Up To $165 Million In New Equity Investments to Recapitalize Company And Reduce Debt by Nearly $800 Million

Provides for $375 Million in Additional Near-Term Liquidity...

...Guitar Center expects to file voluntary petitions for reorganization pursuant to Chapter 11 in the United States Bankruptcy Court"

Kindly try to keep the political comments out of this thread.

(ad)
Sweetwater Gifts That Rock
Re: Guitar Center Announced Restructuring Friday
newer player #3045903 11/14/20 11:20 AM
Joined: Jan 2016
Posts: 2,687
2000 Post Club Member
OP Offline
2000 Post Club Member
Joined: Jan 2016
Posts: 2,687
I would still exercise consumer caution (e.g. use any gift cards and not purchase new ones).

Quote
- For all purchases, I might use a credit card with "good protection". For in-store purchases, maybe leave the store with all the gear I paid for.

- CAUTION. I would NOT make any deposits or down payments on equipment. I would NOT leave any equipment in a store for repair, preparation, consignment sale, etc. The cash & equipment may become difficult or impossible to retrieve.

Re: Guitar Center Announced Restructuring Friday
newer player #3046028 11/14/20 11:24 PM
Joined: Nov 2016
Posts: 1,293
D
1000 Post Club Member
Offline
1000 Post Club Member
D
Joined: Nov 2016
Posts: 1,293
I just purchased (from Guitar Center) a new Baby Taylor Guitar (mahogany version) as a Christmas present for my 9-year-old. He can't know about it until Christmas. I like it so much that I've been playing it every night after he goes to bed. I also purchased an SKB hard case for it from Guitar Center. Both were shipped to my house from the Guitar Center warehouse here in CA.

As usual, I'm satisfied with the customer service and pricing (I received a 15% discount). Also, my purchase is backed by their "Low Price Guarantee" up to 45 days, and I can drive down to the local Guitar Center and return the items for a full refund within 45 days if I'm not happy.

The majority of my musical purchases come from Guitar Center and I hope they stay in business.

God Bless,
David


Yamaha AdvantGrand N1X
Duane Shinn - 52 Week Crash Course - Completed
Duane Shinn - Praise and Gospel Course - In Progress
Greg Howlett - Inspirational Improvisation - In Progress
Re: Guitar Center Announced Restructuring Friday
newer player #3046059 11/15/20 04:38 AM
Joined: Oct 2014
Posts: 532
S
500 Post Club Member
Offline
500 Post Club Member
S
Joined: Oct 2014
Posts: 532
Chapter 11 is restructuring. It's not Chapter 7 liquidation. It's the corporate version of consumer Chapter 13.


Selmer Mark VI Tenor (‘73) & Alto Sax (‘57), Yamaha YSS-62 Soprano Sax (‘87), Conn Naked Lady Baritone Sax (‘52), Conn New Wonder Tenor & Alto Sax (‘24), Yamaha WX5 Wind Synth (‘13), Kawai MP11 & ES-110, Numa Compact 2x, Casio PX5S, Roland VR-09, Hammond E-112 (‘69).
Re: Guitar Center Announced Restructuring Friday
newer player #3046217 11/15/20 01:19 PM
Joined: Oct 2014
Posts: 532
S
500 Post Club Member
Offline
500 Post Club Member
S
Joined: Oct 2014
Posts: 532
I got a robo call from GC this morning displaying appreciation for my business and to follow up on anything they can do.


Selmer Mark VI Tenor (‘73) & Alto Sax (‘57), Yamaha YSS-62 Soprano Sax (‘87), Conn Naked Lady Baritone Sax (‘52), Conn New Wonder Tenor & Alto Sax (‘24), Yamaha WX5 Wind Synth (‘13), Kawai MP11 & ES-110, Numa Compact 2x, Casio PX5S, Roland VR-09, Hammond E-112 (‘69).
Re: Guitar Center Announced Restructuring Friday
newer player #3046228 11/15/20 01:47 PM
Joined: Jun 2019
Posts: 1,479
S
1000 Post Club Member
Offline
1000 Post Club Member
S
Joined: Jun 2019
Posts: 1,479
This is good news. Being able to purchase larger items mail-order with the option to return if necessary by taking it to a local GC store always kept GC at the top of the heap for service. Also can take delivery at a local store and pickup to avoid worries of theft after delivery if not home.


Not logging in very often, but I will receive PMs.

Moderated by  Piano World 

Link Copied to Clipboard
What's Hot!!
News from the Piano World
100,000!
---------------------
NEW! Sell Your Piano on our world famous Piano Forums!
---------------------
Posting Pictures on the Forums
-------------------
Forums RULES & HELP
-------------------
ADVERTISE on Piano World
(ad)
Pianoteq
Steinway Spiro Layering
(ad)
PianoDisc

PianoDisc
(ad)
Piano Life Saver - Dampp Chaser
Dampp Chaser Piano Life Saver
(ad)
Mason & Hamlin Pianos
New Topics - Multiple Forums
Searching for my first piano
by AndresVel - 01/16/21 03:34 PM
Tuning pin video
by accordeur - 01/16/21 03:22 PM
Concert pianist opintions regarding DP actions
by Marc345 - 01/16/21 02:50 PM
Size, placement, brand
by Anjru - 01/16/21 02:31 PM
KAWAI CA79 METRONOME
by Giovanni Zanini - 01/16/21 01:43 PM
Download Sheet Music
Virtual Sheet Music - Classical Sheet Music Downloads
Forum Statistics
Forums42
Topics204,299
Posts3,047,419
Members100,079
Most Online15,252
Mar 21st, 2010
Please Support Our Advertisers


Faust Harrison 100+ Steinways

Dampp Chaser Piano Life Saver

 Best of Piano Buyer

PianoTeq Bechstein
Visit our online store for gifts for music lovers

Virtual Sheet Music - Classical Sheet Music Downloads



 
Help keep the forums up and running with a donation, any amount is appreciated!
Or by becoming a Subscribing member! Thank-you.
Donate   Subscribe
 
Our Piano Related Classified Ads
| Dealers | Tuners | Lessons | Movers | Restorations | Pianos For Sale | Sell Your Piano |

Advertise on Piano World
| Subscribe | Piano World | PianoSupplies.com | Advertise on Piano World |
| |Contact | Privacy | Legal | About Us | Site Map | Free Newsletter |


© copyright 1997 - 2021 Piano World ® all rights reserved
No part of this site may be reproduced without prior written permission
Powered by UBB.threads™ PHP Forum Software 7.7.4