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Encyclopedia > Guitar Center
Guitar Center, Inc.
Type Subsidiary, Bain Capital
Founded 1960
Headquarters Westlake Village, California
Key people Marty Albertson, CEO
Erick Mason, CFO
John Zavada, CIO
William Deeney, CLO
Greg Trojan, COO
Industry Specialty Retail: Musicial Instruments
Products Musicial instruments, Recording equipment and accessories
Revenue $ 1.78 billion USD
Employees 10,000
Website www.guitarcenter.com

Guitar Center is the largest chain of musical instrument retailers in the world and is located throughout the United States. Its headquarters is in Westlake Village, California. Bain Capital LLC is a Boston, Massachusetts-based private equity firm founded in 1984 by Mitt Romney, the late Governor of Massachusetts, and two other partners from the consulting firm Bain & Company: T. Coleman Andrews III and Eric Kriss. ... Location of Westlake Village in Los Angeles County, California Coordinates: , Country United States of America State California County Los Angeles Incorporated (city) 1981-12-11 [2] Government  - Mayor Susan McSweeney [1] Area  - City  5. ... Erick Mason is a Native American Traditionalist and Tribal Leader, enrolled in the Timbisha Shoshone Tribe of the Western Shoshone Nation. ... A musical instrument is a device constructed or modified with the purpose of making music. ... Historical records of events have been made for thousands of years in one form or another. ... For the tax agency in Ireland of the same name, see Revenue Commissioners. ... Image File history File links No higher resolution available. ... USD redirects here. ... This article is about work. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... Chain stores are a range of retail outlets which share a brand and central management, usually with standardised business methods and practices. ... A musical instrument is a device constructed or modified with the purpose of making music. ... Location of Westlake Village in Los Angeles County, California Coordinates: , Country United States of America State California County Los Angeles Incorporated (city) 1981-12-11 [2] Government  - Mayor Susan McSweeney [1] Area  - City  5. ...


Founded in Hollywood by Wayne Mitchell in 1959 as The Organ Center, a retailer of electronic organs for home and church usage, it became a major seller of Vox electric guitars and guitar amplifiers, changing its name to The Vox Center in 1964. Toward the end of the 1960s, Vox's line—whose sales derived largely from its association with The Beatles, who made extensive use of its amplifiers—fell in popularity as Marshall amplifier users Eric Clapton and Jimi Hendrix captured musicians' imaginations. Accordingly, Mitchell once again changed its name, to Guitar Center.[1] Greetings from Hollywood Hollywood is a district of the city of Los Angeles, California, U.S.A., that extends from Vermont Avenue on the east to just beyond Laurel Canyon Boulevard above Sunset and Crescent Heights Boulevards on the west; the north to south boundary east of La Brea Avenue... Classic Hammond B-3 organ. ... Vox is a musical equipment manufacturer formerly based in Britain, and now owned by Japanese electronics giants Korg, which is most famous for making the AC30 guitar amplifier and the Vox organ. ... An electric guitar An electric guitar is a type of guitar that uses pickups to convert the vibration of its steel-cored strings into electrical current, which is then amplified. ... A guitar combo amplifier A guitar amplifier is an electronic amplifier designed for use with an electric or electronic musical instrument, such as an electric guitar. ... The 1960s decade refers to the years from 1960 to 1969. ... The White Album, see The Beatles (album). ... ... Eric Patrick Clapton CBE (born 30 March 1945), nicknamed Slowhand, is a Grammy Award winning English rock guitarist, singer, songwriter and composer. ... Jimi Hendrix (November 27, 1942 – September 18, 1970) was an American guitar virtuoso, singer and songwriter. ...


The popularity of rock and roll in the 1970s allowed Mitchell to open stores in San Francisco and San Diego, as well as several suburbs of Los Angeles. Ray Scherr purchased the company from Mitchell in the early '70s and Scherr owned and operated it until 1996 from its Westlake Village headquarters. Although synthesizer-driven disco and New Wave pop sapped rock's audience in the late 1970s, the 1980s "guitar rock" revival led by Van Halen and a concurrent influx of Japanese-produced instruments brought guitar sales to unprecedented levels. Guitar Center took full advantage of this sales bonanza, and by the end of the decade began an ambitious program of expansion across the entire United States. Using its size as leverage over the musical instrument business, it developed into the largest musical instrument retailer in the country, and made an initial public offering of stock in 1997. In 1999, it purchased mail order and Internet retail house Musician's Friend for $50 million, further consolidating its dominance over the sector, although Musician's Friend remains a wholly-owned, independent subsidiary; Robert Eastman remains as CEO and serves on the Guitar Center Board of Directors. Musician's Friend has increased in sales to over $350 million in the past 7 years. Its position was strengthened further by the 2003 demise of one of its two principal rivals, Mars Music, leaving only Sam Ash as competition. In 2005, Guitar Center Inc. acquired Music & Arts Center, and merged their subsidiary Band and Orchestral chain American Music Group into Music & Arts Center. In mid summer 2006 Guitar Center purchased 4 stores in Texas from the popular South Texas and Central/South American company, Hermes. Rock and roll (also spelled Rock n Roll, especially in its first decade), also called rock, is a form of popular music, usually featuring vocals (often with vocal harmony), electric guitars and a strong back beat; other instruments, such as the saxophone, are common in some styles. ... The 1970s decade refers to the years from 1970 to 1979, also called The Seventies. ... San Francisco redirects here. ... San Diego redirects here. ... “Suburbia” redirects here. ... Los Angeles and L.A. redirect here. ... For other uses, see Synthesizer (disambiguation). ... This article is about the music genre. ... New Wave was a pop and rock music genre that existed during the late 1970s and the early-to-mid 1980s. ... The 1980s refers to the years from 1980 to 1989. ... This article is about the band Van Halen. ... “IPO” redirects here. ... Mail order is a term which describes the buying of goods or services by mail delivery. ... Musicians Friend is Americas largest direct response retailer of musical instruments and related gear. ... Mars Music was a now defunct chain of music stores in Florida. ... Sam Ash was founded in 1924, and is the largest chain of privately owned stores in the United States that sell musical instruments, electronics, and related supplies. ... Music & Arts Center was founded in 1952, and is the largest school music dealer in the United States, selling band and orchestra instruments, guitars, keyboards, drum sets, printed sheet music, and related supplies. ...


Also in 2005, Guitar Center, Inc., started The Guitar Center Music Foundation, a non profit organization that supports music education.[2] In 2007, Guitar Center acquired Victor's House of Music.


In February of 2007, Musicians Friend (a Guitar Center subsidiary) purchased the Indiana based company Woodwind & Brasswind (WWBW), including its sister company Music123. Guitar Center's sister companies/subsidiaries incorporate Musician's Friend, GuitarCenter.com, LMI, Giardinelli, Musician.com, Private Reserve Guitars, and Harmony Central.


On June 27, 2007, Guitar Center agreed to $1.9 billion buyout from Bain Capital, totaling $2.1 billion including debt. The deal was led by Goldman Sachs and amounted to a per-share price of $63, or a 26% premium on June 26's closing price.[1] The deal was approved by shareholders on September 18th, 2007 and closed October 9th, 2007.[3] is the 178th day of the year (179th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... Bain Capital LLC is a Boston, Massachusetts-based private equity firm founded in 1984 by Mitt Romney, the late Governor of Massachusetts, and two other partners from the consulting firm Bain & Company: T. Coleman Andrews III and Eric Kriss. ... The Goldman Sachs Group, Inc. ... is the 177th day of the year (178th in leap years) in the Gregorian calendar. ...


Hollywood's Rock Walk

Rock Walk
Rock Walk
Rock Walk detail
Rock Walk detail

The Sunset Boulevard location in Los Angeles hosts Hollywood's Rock Walk, a hall of fame honoring notable musical artists ranging from Chuck Berry and Bill Haley and His Comets to Aerosmith and Iron Maiden.[4] Artists are invited to place their handprints into cement blocks that are put on display at the Guitar Center.[5]. On November 19, 2007, B'z was the first artist from Asia and Japan to be inducted. [6] Image File history File linksMetadata Download high-resolution version (1600x1200, 1350 KB) File links The following pages on the English Wikipedia link to this file (pages on other projects are not listed): Guitar Center Metadata This file contains additional information, probably added from the digital camera or scanner used to... Image File history File linksMetadata Download high-resolution version (1600x1200, 1350 KB) File links The following pages on the English Wikipedia link to this file (pages on other projects are not listed): Guitar Center Metadata This file contains additional information, probably added from the digital camera or scanner used to... Image File history File linksMetadata Download high-resolution version (1600x1200, 1174 KB) File links The following pages on the English Wikipedia link to this file (pages on other projects are not listed): Guitar Center Metadata This file contains additional information, probably added from the digital camera or scanner used to... Image File history File linksMetadata Download high-resolution version (1600x1200, 1174 KB) File links The following pages on the English Wikipedia link to this file (pages on other projects are not listed): Guitar Center Metadata This file contains additional information, probably added from the digital camera or scanner used to... Sunset Boulevard (officially known as West Sunset Boulevard, except in Beverly Hills) is a street in the western part of Los Angeles County, California, that stretches from Figueroa Street in downtown Los Angeles to the Pacific Coast Highway at the Pacific Ocean in the Pacific Palisades. ... Charles Edward Anderson Chuck Berry (born 18 October 1926, St. ... The original members of Bill Haley and His Comets, c. ... This article is about the band Aerosmith. ... This article is about the band. ... is the 323rd day of the year (324th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... Bz ) is a popular and influential Japanese hard rock band comprised of Tak Matsumoto , guitar) and Koshi Inaba (稲葉 浩志 Inaba Kōshi, vocals). ... For other uses, see Asia (disambiguation). ...



Guitar Center has often been criticized by being called the "Wal-Mart of Guitars," or "Guitar-Mart" based on their Guaranteed Lowest Price philosophy and their apparent desire to cut corners by paying their employees very little for the work they perform and pushing only the products that they have a large stock of for promotional reasons. They are also said to have put many "Mom and Pop" music stores out of business in the same fashion as Wal-Mart, although Guitar Center itself was once a small privately owned business.


Reference


  Results from FactBites:
 
Small stock focus: Guitar Center: A stock that rocks - Jul. 21, 2006 (1174 words)
Guitar Center is a $1.8 billion company with a national fleet of about 170 guitar shops that cater to both ambitious beginners and experienced professionals.
Guitar Center also has been growing by acquisition, last year buying Music and Arts, a storefront retailer of student band instruments, and merged it with its existing band and orchestral subsidiary.
Guitar Center closed the part of that business that sells to institutions, helping lead Music and Arts to a second-straight quarter of profit in the first quarter of this year.
Guitar - Wikipedia, the free encyclopedia (5233 words)
Guitars are widely known as a solo classical instrument, and the primary instrument in blues and rock music.
Guitars usually have six strings, although there are variations on this, the most common being a twelve-string guitar; the seven string guitar; the ukulele, which has four strings; and the bass guitar, which usually has four strings but also exists in five, six, eight, and twelve-string versions.
Archtop guitars were immediately adopted upon their release by both jazz and country musicians and have remained particularly popular in jazz music, usually using thicker strings (higher guaged round wound and flat wound) than acoustic guitars.
  More results at FactBites »

 
 

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