Guitar Center

Encino, Calif. — Gelson’s has promoted John Bagan to president and CEO following the departure of Rob McDougall, who has retired from Gelson’s after 15 years with the Southern California-based brand. The new leadership position marks Bagan’s third promotion in 2 years, most recently moving from COO into the role of president in July 2022. As president and CEO, Bagan will assume greater responsibility for the company’s overall vision, business and growth strategy, as well as managing relationships with the board of directors and parent company Pan Pacific International Holdings …

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Westlake Village, Calif. — Just over 3 weeks after filing for Chapter 11 bankruptcy, Guitar Center appears ready to already emerge from the process. In its original filings, the Westlake Village, Calif.-based musical instrument and supplies retailer reported its business of instrument purchases, rentals, repairs and music lessons suffered amid the upheaval stemming from government-mandated shutdowns in response to the COVID-19 pandemic. At a virtual hearing on December 17, 2020, U.S. Bankruptcy Judge Kevin Huennekens, based in Richmond serving the Eastern District of Virginia, approved Guitar Center’s bankruptcy plan, according …

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Westlake Village, Calif. — Musical instrument retailer Guitar Center has filed for Chapter 11 bankruptcy protection with the U.S. Bankruptcy Court for the Eastern District of Virginia. The Westlake Village-based company did not announce plans to close any of its 297 stores, but it has retained A&G Real Estate Partners to explore opportunities for its real estate portfolio. In court filings, Guitar Center cited its business of instrument purchases, rentals, repairs and music lessons suffered amid the upheaval stemming from government-mandated shutdowns in response to the COVID-19 pandemic, according to The …

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