Guitar Center files Chapter 11, enters restructuring deal to cut debt by $800MM

Obviously there were larger forces at play here, even before the pandemic, but it's pretty amazing that they've managed to do so poorly in a year where their industry did so well:

https://guitar.com/news/industry-news/fender-sales-record-20...

> It isn’t just Fender that’s been experiencing an increase in sales this 2020, but Gibson, Taylor and Martin as well.