Guitar Center acquires.Guitar Center Acquires: Guitar Center Inc. has agreed to acquire musical instrument distributor and retailer Hermes Hermes, in Greek religion and mythology Hermes, in Greek religion and mythology, son of Zeus and Maia. His functions were many, but he was primarily the messenger of the gods, particularly of Zeus, and conductor of souls to Hades. Trading Co. Inc. in Texas. Terms of the deal were not disclosed. The deal includes four retail locations in Texas, which will be remodeled and rebranded into the Guitar Center format. "We are excited about the acquisition of these four Hermes Music stores, which cater largely to the Hispanic Hispanic Multiculture A person of Mexican, Puerto Rican, Cuban, Central or South American, or other Spanish culture or origin, regardless of race Social medicine Any of 17 major Latino subcultures, concentrated in California, Texas, Chicago, Miam, NY, and elsewhere market," said Marty Albertson, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Guitar Center in a press release announcing the deal. The company currently operates 12 Guitar Center stores in Texas. As a result of the acquisition, Guitar Center will enter the San Antonio San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. market for the first time. Hermes, founded in 1982, will continue to operate its distribution business outside the U.S. |
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