Guitard Center SOLD for $1.9 billion
StoreTags: guitard center
Author: ignatius on June 27 2007
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--> guitar center was bought out for $2.1 billion. wow. i guess there's lot's of cash in this racket. i guess hiring one good/knowledgeable salesman per 20 bad ones is profitable.

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side note: the private equity firm that bought it was started by former MA governor and current presidential candidate Mit Romney.

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Comments

In this day and age, it is not vital that a business actually make money.

apparently they were "cash rich" and according to that little press blurb have $50 billion under their management?? craziness.

I just got reamed at a guitar center today! Durn overpriced cheeky crap...

those scumbags at guitar center don't give a shit about music

right. they're like walmart. we know. but it's crazy they were bought out for over $2 fucking billion. i wouldn't have guessed they were that valuable.

is it important in any way? i don't know. selling lot's of gear of various quality and not paying your lower level people a fair wage seems to have gotten them to that point. big surprise. why should we care?

i bought wallmark!

they are also one of the groups who bought home depot, after being taken over by hughes

Did Dr Evil buy Guitar Center?

2 billion dollars!

GC is great if you only want to work for gear, or know someone there who is only working for gear.. salespeople can pretty much sell anything for just a little over cost.. you could almost walk in near the end of a sales period, and say 'i want this this and this, for this much money", and they might go for it, to meet quotas.

i've gotten a few items from GC, it really is a lousy store though, ugh. i feel like i'm in a bad glam rock commercial.

I'll second the pricing demands thing at GC. Never buy anything without asking for them to throw something in or to give it to you for cheaper. 9 times out of 10 you'll get something (free cables, etc) or a reduction in price ("I can get this online for X" or "I don't want to spend Y").

yeah, but you can do the same thing at little shops too!

i once had a dream where paul shaffer slowly crept up at the end of my bed and started tickling and eventually gnawing on my feet...his mouth was star fish shaped and thick with black hair


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