One of the UK's biggest musical instrument retailers, GAK, based in Brighton, has sold its stock and website to online mega-retailer Gear4music for £2.4 million ($3.2 million). This update follows weeks of speculation and uncertainty, following the brick-and-mortar store's closure on March 25, allegedly for maintenance.
According to a statement on Gear4music's website, the company “has purchased the remaining stock, together with certain intangible assets including websites, trademarks, and commercial data, from the Administrators of GAK.co.uk Ltd and The Guitar, Amp & Keyboard Centre Ltd (together, “GAK”).”
