Guitar Center
Guitar Center’s history as been up and down at times, but for the moment they are still going strong. After opening their first location in Hollywood in 1959, the music retailer opened an additional 293 locations. But the company has significant debt in the range of $1 billion that has hindered their growth in recent years. In 2020, the company filed for bankruptcy and $800 million of debt was forgiven after a company reorganization.