Guitar Center files for Chapter 11 bankruptcy protection, plans to stay open [USA TODAY]
Ares Management Corporation Class A (ARES)
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Source: USA TODAY
CLOSEWhile Black Friday may look a little different this month, these services help find deep discounts at retail stores and online.USA TODAYCONNECTTWEETLINKEDINEMAILMOREal instrument retailer Guitar Center has filed for Chapter 11 bankruptcy protection after negotiating a debt-cutting deal with key investors and lenders.The company,which has been struggling with excessive debt for years"Throughout this process, we will continue to serve our customers and deliver on our mission of putting more music in the world," CEO Ron Japinga said in a statement. "Given the strong level of support from our lenders and creditors, we expect to complete the process before the end of this year.”The Westlake Village, Calif.-based retailer said earlier this month that it's "pleased with its overall store footprint," which includes nearly 300 Guitar Center stores and more than 200 & Arts stores.But the retailer said it had hired a real estate firm "to explore opportunities to optimize its real estate po
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ARES
Earnings
- 2/8/24 - Miss
ARES
Sec Filings
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- 4/15/24 - Form 144
- ARES's page on the SEC website