guitar center bonds

Guitar Center bonds crater on news of financial performance

Eric Garland Guitar Center, Retail Trends 2 Comments

I’ve been so busy with treason and espionage of late that I’m weeks late covering the updates on Guitar Center bonds. As all my readers know, for a simple group of guitar stores, GC is a whole bunch of drama. And while it may not technically have been “the end” when the company started shedding workforce and product diversity to survive …

The End of Guitar Center

Eric Garland Guitar Center, Retail Trends 372 Comments

This is an obituary for Guitar Center, a chain of big box musical instrument stores that was captured and infected by private equity during a national trend of greed and reckless expansionism in the late-1990s and early-2000s. The company started as a Los Angeles organ store, became a successful purveyor of guitars after the Beatles arrived in the United States, …

Private equity is even destroying free breadsticks

Eric Garland Finance Trends Leave a Comment

At long last, private equity, have you no decency? Even the Olive Garden’s free breadsticks are under fire – must you destroy everything in this nation? Seriously though, check out this analysis of how PE firms are finding ways to strip established brands clean of real estate assets and strategic security in their classic parasitic attempt to get all the …

Private equity wonders about regulatory crackdown

Eric Garland Finance Trends Leave a Comment

It turns out that the private equity industry has reached its pre-crisis peak in terms of consolidating industries through M&A activity. Moreover, some people in Washington appear to finally be waking up and realizing that maybe the situation has more in common with 2007 than anyone would care to imagine. And DC might be scared that junk bonds could do …

The bigger story of how private equity corrupts

Eric Garland Finance Trends, Guitar Center 1 Comment

The other day I was talking with a friend of mine who does intelligence for large corporations. We were discussing my latest on Guitar Center’s subprime bond hustle and she said, “You should talk with Yves Smith from Naked Capitalism – her work on private equity suckering pension funds like CalPERS is a lot like what you are uncovering.” Six …