News Articles

Friday, June 5, 2009

Carphone Warehouse confirms demerger dates

The Carphone Warehouse has published its final results for the financial year and has announced that it’ll split into two separate companies – the retail ‘Best Buy Europe’ operation and the TalkTalk fixed-line business – by July 2010 at the latest. It’s also confirmed that the Best Buy Europe partnership is on course to open its first ‘Big Box’ stores in spring 2010.

CEO Charles Dunstone said “It’s been increasingly obvious that the Group is now two businesses – Best Buy Europe and TalkTalk Group. The one grew out of the other; but both have now reached the stage where there are no material synergies between them and where, for operational and competitive reasons, they need to operate independently. The businesses are effectively run as separate entities already, each with highly experienced and strong management teams.”

[PDF report]

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: NewsNumber of views: 396

Tags:

Leave a comment

Name:
Email:
Comment:
CAPTCHA image
Enter the code shown above in the box below.
Add comment

Name:
Email:
Subject:
Message:
x

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«June 2017»
MonTueWedThuFriSatSun
2930311234
567891011
12131415161718
19202122232425
262728293012
3456789

Archive

Terms Of Use | Privacy Statement