Guitar Center has been sold.

Discussion in 'Trumpet Discussion' started by TrumpetMD, Apr 9, 2014.

  1. TrumpetMD

    TrumpetMD Fortissimo User

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    I don't know if it's good news or bad news. But I think it's big news. The sale is hoped to reduce the company's debt and create some room for expansion/improvement.

    Ares Management Gains Control of Guitar Center - WSJ.com


    As most of us know, Guitar Center's subsidiaries include Music and Arts, WWBW, MusiciansFriend, Music123, Giardinelli, and others. They might be the largest music instrument retailer. Although I wonder if Amazon will surpass them.​

    Tongue-in-cheek warning ...

    This appears to be good news, and hopefully will help balance the bad news released in February that only 88% of Guitar Center customers become famous musicians. :-)

    New Study Finds Only 88% Of Guitar Center Customers Become Famous Musicians | The Onion - America's Finest News Source
     
  2. trumpetsplus

    trumpetsplus Fortissimo User

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    Unfortunately this is an example of some mega rich people looking for a way of generating tax breaks. It is nothing to do with music, but it is just that the music industry is a convenient (small) size for these people to play around with it. I read a great article which explains it all and will look to see if I can find it.
     
  3. Brekelefuw

    Brekelefuw Fortissimo User

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  4. bamajazzlady

    bamajazzlady Mezzo Forte User

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    To the OP it is bad news .
     
  5. TrumpetMD

    TrumpetMD Fortissimo User

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  6. Conntribution

    Conntribution Fortissimo User

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    Can't say as I have any shred of human sympathy. I dislike and fear corporate monoliths for a variety of reasons and try, to the best of my abilities to deal as much as I can with individuals directly. Can't always have my cake and eat it though, but somewhere I picked up a strong Anarcho-Syndicalist streak....
     
  7. tobylou8

    tobylou8 Utimate User

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    Noooooo!!!! :roll:
     
  8. trumpetsplus

    trumpetsplus Fortissimo User

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    Isn't that part of the trumpet playing gene? Come on Doc - where are you when we need you?
     
  9. musicalmason

    musicalmason Forte User

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    I'm fine with all this. The more these big companies play around with guitar center and wwbw, the stronger small privately owned music stores will become. I mean after all, what are the odds they do something right? Pretty slim I'd say.
     
  10. tobylou8

    tobylou8 Utimate User

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    This is the article I find interesting!

    Guitar Center's real problem: their customers are broke

    The problem is the ever shrinking middle class. If there is no middle class, there are only elitist and the poor. Poor people don't/ can't pay for more than basic necessity's. Poor folks can't be concerned with things we discuss regularly. Want a good economy? Then you need a robust middle class. Tobylou8 2016 :ROFL:
     

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