November 26, 2020
Business News

Guitar Center Files for Chapter 11 Bankruptcy – Pitchfork

Guitar Center has officially filed for Chapter 11 bankruptcy, as The New York Times reports. The company filed on Saturday night (November 21) in the U.S. Bankruptcy Court of the Eastern District of Virginia, according to the Times. Guitar Center will continue to pay employees amid bankruptcy. Read the full report here.
The looming possibility that Guitar Center might file for bankruptcy was reported by the Times and Bloomberg last month. The company faced financial strain after it was forced to…

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