According to Reuters, Standard & Poor’s cut its debt rating on Bain Capital-owned Guitar Center Holdings Inc. late last month, from ‘B-‘ to ‘CCC+’ due to “weak operating trends.”
At the Yamaha Corporation of America’s annual award event, held at the Sheraton Cerritos Hotel in Cerritos, California, the company handed out several awards to personnel in the Pro Audio & Combo Division.
Gibson has appointed Rick Froio as its new executive vice president of global business development. Previously, Froio held the position of president of Gibson North America.
Leave a Comment