Issue 2012 August 21st

This issue was created on 2012-08-21 13:37:00

  • Consumer electricals retailer buys troubled online armAugust 21, 2012
Dixons Retail has spent €10m to take almost full control of Pixmania, in a move intended to secure the stability of the platform on which its multi-channel business is built. The acquisition has seem the multi-channel electricals retailer, which trades under the PC World, Currys and Dixons.co.uk brands, buy out Pixmania founders Steve and Jean-Emile Rosenblum for €10m cash, while taking its stake in the business from 77% to 99%. The remainder is held by current and former employees.
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