Best Buy Europe, the joint venture responsible for The Carphone Warehouse brand, plans to close its eleven so-called ‘Big Box’ Best Buy stores in the UK within the next two months.

In addition, the Carphone Warehouse Group is planning to end its American profit-sharing agreement by selling its interest in Best Buy Mobile US and Canada back to Best Buy.

Swedish business iZettle, which enables individuals and small businesses to take ‘chip and PIN’ card payments on a mobile phone (rather like Square in the USA), says it’s just received €8.2 million (£7.1 million) in funding.

The money has come from by Index Ventures with co-investor Creandum and further investment from Charles Dunstone, CEO and co-founder of The Carphone Warehouse.

The Advertising Standards Authority has upheld complaints about two separate advertisements produced by The Carphone Warehouse in May.

Both ads were headlined ‘Phone 4. UK’s lowest price’, with one also containing small print that said ‘Service Plan in-store £13.99 per month’.

Mark Bridge writes:

This weekend, you could have picked up a HP TouchPad webOS tablet for $99. Both the HP USA online store and Best Buy in Canada were selling the obsolescent devices at a substantial discount.

Yet over here in the UK, we've seen nothing except a prize draw from The Carphone Warehouse and a less-than-£90 discount from Amazon. And I don't expect anything much better in the short-term.

Mark Bridge writes:

Let’s face it, last week’s Google/Motorola deal wasn’t widely predicted. Stasys Bielinis of Unwired View deserves a round of applause but I don’t remember hearing anyone else suggesting this radical move.