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Keyword: carphonewarehouse

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  • Jobs Threat As Best Buy Closes Down UK Shops

    11/07/2011 1:47:51 AM PST · by markomalley · 2 replies
    Sky News ^ | November 7th, 2011
    Carphone Warehouse has confirmed it is to close its 11 Best Buy stores in the UK, putting 1,100 jobs in jeopardy. The news follows a decision by the group's founder, Charles Dunstone, to sell his stake in a US mobile phone joint venture with Best Buy, as first reported by Sky's City editor Mark Kleinman. The US electrical chain will pay £813m upfront, which is expected to be returned to shareholders, as well as an additional £25m in deferred consideration. Despite "exceptional customer satisfaction scores" the company's European arm has not performed well financially. Best Buy Europe posted operating losses...