Retail news
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Link stores sale confirmed
- Posted:
- 28 July 2006 09:15
DSG International plc has confirmed the sale of its 60% stake in The Link stores to O2 for approximately £30 million in cash. For an intermediary period, DSGi will assist in managing the stores, for which it will receive a management fee. Completion of the transaction is anticipated within 4 ...read more
Virgin Mobile launches standalone stores
- Posted:
- 12 July 2006 09:04
Virgin Mobile has announced plans to create a chain of retail stores, the first of which will open at the Lakeside Shopping Centre in Thurrock at the end of this month. The company claims that hundreds of jobs will be created through the 50 initial stores that it plans to open in ...read more
DSG confirms speculation and sells The Link
- Posted:
- 21 June 2006 09:42
Confirming yesterday’s report, electrical retailer DSG International has sold The Link to O2 in a £30 million cash deal. In the company’s interim results statement released this morning chief executive John Clare commented: "The competitive landscape for mobile phones, initially a retail market, has changed significantly and has become a ...read more
DSG prepares to sell off the weakest link
- Posted:
- 20 June 2006 09:21
Britain’s largest electrical retailer, DSG International, is preparing to sell high street chain The Link to mobile phone company O2, according to press speculation. In May DSG announced a disappointing 21% drop in like-for-like sales at The Link, and now it seems ready to dispose of the struggling brand. The sale ...read more
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