FINANCIAL REORGANIZATION—The Guitar Center’s support headquarters on Lindero Canyon Road MICHAEL COONS/Acorn NewspapersWestlake Village-based Guitar Center, one of the largest musical retailers in the country, announced late last month that the company has emerged from Chapter 11 bankruptcy by eliminating $800 million of corporate debt.
The company filed for bankruptcy in November, but since then has reorganized its finances, wiping a significant portion of debt from its books—the company had am...
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