Re: Guitar Center sold..dumped due to intense debt..why..?
- From: PMG <xxxxxxxXX@xxxxxxxxxxx>
- Date: Fri, 29 Jun 2007 11:34:19 -0500
On Fri, 29 Jun 2007 05:27:12 -0400, Dave Curtis
<dbaudiotechNOSPAM@xxxxxxxxxxxx> wrote:
On Thu, 28 Jun 2007 11:11:25 -0400, JJTj <me@xxxxxxxxxxxxx> wrote:
CNN stated today that the Guitar Center chain has been
sold for $1.sumthing BILLION. This sale include all debts.
WHY was G/C in such debt..?
Well, I know for a fact that the store they opened in Portland, Maine
pays $30K per month for rent. No wonder guys get the "hard sell" when
they go there...
-DC
IMO the GC empire will crumble like a cracker.
--
Well, you know...
Go big, or go home. --Killface
.
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