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12-16-2008, 05:04 PM #1
$43 million deal gives RadioShack ownership of Mexico stores
$43 million deal gives RadioShack Corp. full ownership of Mexico stores
01:36 PM CST on Tuesday, December 16, 2008
By MARIA HALKIAS / The Dallas Morning News
mhalkias@dallasnews.com
RadioShack Corp. said on Tuesday that it paid $43 million in cash to its joint venture partner, Grupo Gigante S.A.B. de C.V., for its stake in the electronics chain’s Mexico operations.
The Fort Worth-based company is now the sole owner of about 200 RadioShack branded stores throughout Mexico.
RadioShack plans to operate the stores and related general office, service center and distribution center in Mexico as a wholly-owned subsidiary. All of the stores and support facilities are leased locations. The stores average approximately 1,300 square feet and are primarily in shopping centers. RadioShack de Mexico employs approximately 1,200 people.
The Mexican operation “represents an attractive growth platform for our company,â€
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12-16-2008, 05:13 PM #2
I can see the appplications for employment sponsored visas coming now.
"Men of low degree are vanity, Men of high degree are a lie. " David
Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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12-16-2008, 05:26 PM #3
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"All the stores and support locations (in Mexico) are leased locations."
All the easier to move on to Asia when the time comes!Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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