Carphone plan for megastores
Published Date:
15 October 2008
CARPHONE Warehouse has set out plans for four or five electronics megastores in the UK next summer under its joint venture with US giant Best Buy.
The group said in a trading update it would spend £20 million on the launches in its current financial year to March, with another £30m earmarked the following year alongside £40m in capital spending. Carphone sold 50 per cent of its retail business to Best Buy for £1.1bn as part of a plan to join forces and expand in the UK and Europe.
The full article contains 94 words and appears in The Scotsman newspaper.
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Last Updated:
14 October 2008 9:13 PM
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Source:
The Scotsman
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Location:
Edinburgh
