May 15, 2014, 3:54 AM
- U.K. chain stores Carphone Warehouse and Dixons Retail (DSITF) have agreed to merge in a £3.8B ($6.4B) all-stock deal.
- With Carphone being Europe's largest independent mobile-phone retailer and Dixons being the second-biggest electricals chain store on the continent, the deal will create a powerful pan-European player with 2,900 outlets.
- The new company will be called Dixons Carphone, with shareholders of each firm receiving 50% in the new entity. (PR)
Jan. 31, 2012, 11:00 AM
RadioShack's (RSH -28.45%) profit warning is not only hitting the retailer's shares in a big way, but it also appears to be pulling down some of its peers. Best Buy (BBY) -5.4%, Conn's (CONN) -1.3%, Aaron's (AAN) -3.8%, and hgregg (HGG) -4.2%. Dixons' (DSITY.PK) ADRs -10.1% on the loss of its CEO to Apple.| Jan. 31, 2012, 11:00 AM
Jan. 31, 2012, 5:59 AM
Apple (AAPL) names John Browett to run its retail ops, taking the rare step of filling its most high-profile vacancy with an outsider after ending a seven-month search. Browett is the CEO of Dixons (DSITY.PK), one of Europe's largest electronics chains, and he will take over as Apple looks to expand its retail ops internationally.| Jan. 31, 2012, 5:59 AM