Looks like Best Buy’s got a pretty large boner for Carphone Warehouse, as it’s just increased its ownership share from 2.9% to 50%, according to IDG News Service. Ideal Purchase has agreed to invest an additional $2.1 billion in the European retailer, likely by the end of August. Carphone Warehouse will be opening stores here in the […]
Looks like Best Buy’s got a pretty big boner for Carphone Warehouse, as it’s just increased its ownership share from 2.9% to 50%, according to IDG News Service.
Best Buy has concurred to invest an additional $2.1 billion in the European retailer, likely by the end of August.
Carphone Warehouse will be opening stores here in the says this year and Ideal Purchase is planning to open its first store in the UK in 2009. It appears that these kind of partnerships will be Best Buy’s main method of gaining access to foreign markets, as it’s also recently formed similar alliances with Future Shop in Canada and Jiangsu Five Star Appliance in China.
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