Montgomery Community Media

UPDATE Guitar Center in Silver Spring will close as of Jan. 3, according to a statement from the company. “As part of our ongoing business processes and after careful consideration, Guitar Center has made the decision to close our retail store in Silver Spring, MD, effective January 3rd,” the news release stated. ___________________________ Guitar Center, […]

Guitar Center filed for Chapter 11 bankruptcy to reduce company debt by approximately $800 million, according to a company press release last week. The California-based company entered a comprehensive Restructuring Support Agreement (RSA). However, all previous agreements, financial obligations to its vendors, suppliers, and employees to maintain the course as daily business operations continue. The […]

El Chuck E. Cheese en Gaithersburg ha cerrado permanentemente. La noticia se produce cuando la empresa matriz de Chuck E. Cheese, CEC Entertainment, anunció en un comunicado el jueves que presentaría bancarrota del Capítulo 11 “para superar la tensión financiera como resultado de los cierres prolongados de locales relacionados con COVID-19”. “La Compañía espera usar […]

The Chuck E. Cheese in Gaithersburg has closed permanently. The news comes as Chuck E. Cheese’s parent company, CEC Entertainment, announced in a statement Thursday it was filing for Chapter 11 bankruptcy “in order to overcome the financial strain resulting from prolonged, COVID-19 related venue closures.” “The Company expects to use the time and legal […]

The Boy Scouts of America (BSA) filed for bankruptcy Tuesday in the midst of hundreds of sexual abuse lawsuits from former scouts who say they were abused by leaders.  This means that civil litigation is halted, and there will be no jury trial. Alleged victims with lawsuits now have to file in bankruptcy court. The […]

Bar Louie’s Rockville and Wheaton locations are among the chain’s 38 locations to close over the weekend. A statement released by Bar Louie on Monday confirmed that the organization has filed for Chapter 11 bankruptcy protection and said it was closing  “underperforming locations to strengthen its operational and financial position.” Tom Fricke, CEO of Bar […]

Sports Authority is closing dozens of stores across the country, including its store in Gaithersburg, as part of its Chapter 11 bankruptcy. “We have identified approximately 140 stores that we intend to close or sell in the coming months,” said CEO Michael Foss in a letter posted on the company’s website. “This was a tough […]