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Synchrony Financial is an American consumer financial services company with its headquarters in Stamford, Connecticut, United States. [2] The company offers consumer financing products, including credit, promotional financing and loyalty programs, installment lending to industries, and FDIC-insured consumer savings products, through Synchrony Bank, its wholly owned online bank subsidiary.
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Guitar Center was founded in Hollywood in 1959 by Wayne Mitchell as The Organ Center, a retailer of electronic organs for home and church use. In 1964, after a supplier required him to carry Vox guitar amplifiers, to continue receiving organs, Mitchell added the amplifiers to his inventory and renamed the store The Vox Center, leveraging the Beatles association with the Vox brand.
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Music & Arts Center eventually became one of the largest chain of musical instrument retail stores serving school band and orchestra programs, with 62 stores throughout the Mid-Atlantic, Southeast, Northeast regions of the U.S. as well as Colorado. [2] In 1998, the corporate headquarters moved from Rockville to Frederick, Maryland. [2]
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On Friday, Guitar Center announced it was planning to file for Chapter 11 bankruptcy, and a prepackaged plan could be approved as early as this weekend. The move is part of the music instrument…