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Mars Music Files for Bankruptcy

According to a recent report by the Miami Herald, the Mars Music (www.marsmusic.com) superstore chain filed for Chapter 11 bankruptcy protection on Friday.

After a successful stint as the president of Office Depot, Mark Begelman stepped down and decided to combine his love of music with a new business venture, creating Mars Music. Beginning with the acquisition of a small chain of Florida-based music stores in 1996, Mars pursued a very aggressive expansion plan, building dozens of superstores through the South and some far reaches of the US, complemented by an e-commerce web site. At it's peak, Mars Music consisted of 50 stores, but had already reduced its size down to 41 stores by the time of the Chapter 11 filing.

Recent Mars Music headlines

• Mars Music Assets Up for Auction Thursday (2002-10-20)
• Mars Music Files for Bankruptcy (2002-09-28)
• Mars Holding Virtual Q&A with Les Paul (2001-04-20)
• MarsMusic Launches On-Line Lessons (2001-02-08)

More Mars Music Headlines

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