Categories
Close
Menu
Menu
Close
Search
Search

Featured Articles

Uncategorized

Carphone Warehouse and Dixons Retail agree to merge

Mark

Share:

Print

Rate article:

No rating
Rate this article:
No rating

Carphone Warehouse Group plc and Dixons Retail plc (which owns the Currys and PC World retail businesses) have agreed to merge the two companies into a new business called Dixons Carphone plc. Shareholders of each company will own 50% each of the new business.

Image

The directors expect savings from the combined company to reach almost £40 million in the 2015/2016 financial year and at least £80 million by the 2017/2018 financial year.

When the deal is completed, Carphone Warehouse chairman and co-founder Sir Charles Dunstone will become the Chairman of Dixons Carphone.

There’ll be two Deputy Chairmen - Roger Taylor, current Deputy Chairman of Carphone, and John Allan, Chairman of Dixons. The new CEO will be Sebastian James, who’s currently Dixons CEO, while Andrew Harrison, CEO of Carphone Warehouse, will become Deputy CEO.

Sebastian James of Dixons said “The ability to take what we have built in electrical retailing and add the profound expertise of Carphone Warehouse in connectivity would make us a leading force in retailing for a connected world. Together, we can create a seamless experience for our customers that will enable technology to deliver what it promises – that is, to make their lives better.”

Subject to shareholder and regulatory approval, the merger is expected to be completed this autumn.

We discussed some of the issues surrounding a Carphone/Dixons merger in our podcast on Wednesday. You can listen to the programme on our website, by subscribing free via iTunes, by downloading the mp3 file, by using our RSS feed or on the Stitcher.com mobile app.

Comments

Collapse Expand Comments (0)
You don't have permission to post comments.

Opinion Articles

ExclusiveYou can’t stop the news when it goes mobile

Mark Bridge writes:

A couple of weeks ago I was wandering through London, wondering whether mobile streaming could erode personal privacy… and whether anyone cared.

But there’s a positive site to the immediacy of streaming, as Bambuser reminded me today.

ExclusiveMobile phones give you wings

Mark Bridge writes:

James's recent trip down memory lane reminded me of a moment in 1998 when a major mobile phone manufacturer promised phones that 'gave you wings'. No, not Red Bull. No, not Red Bull Racing partner LG. It was Motorola.

ExclusiveA time before Android

James Rosewell writes:

Whilst flicking through my drawer full of old handsets I thought back to a time when Apple produced a new MP3 player, newspaper editors didn't know what a smart phone was, and Android was only a press release. A quick flick through YouTube threw up the following interview with Microsoft's Steve Balmer offering his thoughts.

ExclusiveWhy I don't care about the Google Nexus S

Mark Bridge writes:

The Google Nexus S. Search for it online and you’ll find over a million web pages talking about it.

But I don’t care about the Google Nexus S. Or the Nexus Two or the Samsung i9020 or whatever else you call it. Quite frankly, it’s not any use to me. My current rapidly-aging HTC TyTn II has more features than the Nexus S.

RSS
First8788899092949596Last

Recent Podcasts

ExclusivePodcast from Mobile World Congress 2015

Mark Bridge learns about the mobile technology trends at Mobile World Congress 2015 by chatting to James Rosewell of 51Degrees, Dr Kevin Curran from the IEEE and Chris Millington of Doro.

They talk about wearable devices, wireless charging, mobile operating systems and much more... including some of their favourite products from the exhibition.

ExclusiveLooking back at February: from security scares to multiple MVNOs

We're taking a look back at the biggest mobile industry news stories from February 2015, including allegations that the UK's security service tried to breach SIM card security by hacking into one of the world's biggest SIM producers.

We also talk about the planned BT and EE merger, the creation of two new UK virtual networks, some acquisitions in the mobile payment arena and a new Ubuntu smartphone.

ExclusiveA month of mobile: O2 counts on 3, Microsoft counts to 10 and Apple counts its profits

We're back with a month of mobile industry news, including takeover talks and takeover rumours. O2 and Three are said to be discussing a merger... but is there any truth in the suggestions that BlackBerry could be up for grabs?

We also discuss Apple's record-breaking quarterly figures, the highlights of CES and the launch of Microsoft Windows 10, as well as saying farewell to the current version of Google Glass.

RSS
12345678910Last

Follow thefonecast.com

Archive Calendar

«May 2026»
MonTueWedThuFriSatSun
27282930123
45678910
11121314151617
18192021222324
25262728293031
1234567

Archive