Nearly one month after it was announced that Dixons Retail has agreed a deal to sell its struggling Pixmania arm, it has now been confirmed that the agreement has been signed and the sale of Pixmania to Mutares has come to fruition. As part of the deal, Mutares has devised a robust business plan to develop and grow Pixmania’s pure play e-commerce operations and market-leading software platform.
After a six month search, American developer and distributor of video games, Electronic Arts Inc (EA), this week announced that it appointed Andrew Wilson as its chief executive for the company’s digital games division.
Online retailer The Hut Group this week revealed sales rose by more than 30 per cent to £77 million for the first half of the year.
Sebastian James, the chief executive of electrical retailer Dixons, is looking at ways to expand the business after agreeing deals to offload its loss-making internet business, Pixmania, and its struggling Turkish arm. One of the options being explored by Mr James is a services business for consumers whose computers, tablets or mobile phones become damaged.
Panasonic will stop selling smartphones in its home market Japan. The multinational electronics corporation said it would also begin outsourcing production of handsets sold to other countries. The tech giant, which is the world’s fourth largest television manufacturer by market share, has struggled with growing its smartphone operations, and confirmed that its mobile division has been set to make another loss.
Microsoft Corp has announced it will buy Nokia Oyj’s phone business and license its patents in a deal worth EUR 5.44 billion. The acquisition marks Microsoft’s boldest move to date into mobile devices, despite some investors urging the multinational software corporation to focus on its key strengths of business products and computer services.
Richard Schulze, founder and former chairman of the world’s largest consumer electronics chain has announced he plans to start selling its stocks from 1 October, according to a regulatory filing on Monday. "The stock sales ... are part of his personal long-term strategy for asset diversification and liquidity," Schulze told Best Buy, according to the filing.
Clive Coombes, a Southampton-based property tycoon who initially failed to buy Comet from administrators at the start of the year, is said to be setting up a rival electronics store which will see the collapsed retailer return to the high street.
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