The article mentions Guitar Center's $1.6 billion debt, but doesn't say why it has so much. The instrument market is flat, and online is taking a bite, but all of that debt is from a leveraged buyout by Bain Capital.
I ponder GC's choices. It was like a cancer in my major metropolitan area. Within 5-10 years all the mom-and-pop stores with a good solution of beginner and high-end equipment left and these things moved in. Coming from a millennial, it really isn't he way it used to be. Sad.
