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Best Buy sells off Carphone Warehouse stake, exits Europe
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The following comments relate to this news article:

Best Buy sells off Carphone Warehouse stake, exits Europe

article published on 1 May, 2013

Large U.S. retailer Best Buy has sold off its Carphone Warehouse stake, exiting Europe after a failed attempt to expand outside of its home base. The company sold its 50 percent stake for $775 million, about 37 percent of what it paid for it 5 years ago. "The sale allows management to eliminate the European distraction, as it has been a much-debated topic in the investment community ... [ read the full article ]

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Posted Message
BlurrTechnicolour
Newbie
_ 		1. May 2013 @ 22:54 _ Link to this message    Send private message to this user   
Like we would need something like Best Buy in europe since we have enough similar enterprises here.
Just a weak excuse to blame it on the recession.
[ + quote]
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