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Carphone Warehouse to Sell Half its Retail Arm to Best Buy

The UK based mobile phone retailer, Carphone Warehouse (CPW) has announced plans to sell half of its retail assets to US based Best Buy - so that the company can focus on its fixed broadband and telecoms services. Some sort of decision involving Best Buy has been expected for a couple of months, and recent bounces in the CPW share price has fueled the speculation.

New Samsung 3G HSDPA Smartphone i200 Exclusive to Orange and CPW

Samsung has released another smartphone this time its the SGH-i200 and it looks pretty middle of the road. The big plus with the i200 is that its only 11.8mm thick and that makes it a trailblazer in its own right.

Carphone sells 50 pct retail stake to Best Buy

LONDON (Reuters) - Carphone Warehouse Plc (CPW.L: Quote, Profile, Research) is to sell a 50 percent stake in its retail unit for 1.1 billion pounds ($2.2 billion) to consumer electronics retailer Best Buy Co (BBY.N: Quote, Profile, Research) and the two groups will launch a new company.

Carphone, Best Buy Form Firm

LONDON -- The Carphone Warehouse Group PLC (“The Carphone Warehouse”) (LSE:CPW - News) and Best Buy Co., Inc. (“Best Buy”) (NYSE:BBY - News) have agreed to form a new venture to accelerate their growth by capitalising on the European consumer’s evolving appetite for consumer electronics. The assets of the newly-formed company will comprise The Carphone Warehouse’s existing retail business, operating from more than 2,400 stores in nine European countries under the Carphone Warehouse and Phone House brands; and The Carphone Warehouse’s share of its existing relationships with Best Buy.

Carphone, Best Buy Form Firm

LONDON -- The Carphone Warehouse Group PLC (“The Carphone Warehouse”) (LSE:CPW - News) and Best Buy Co., Inc. (“Best Buy”) (NYSE:BBY - News) have agreed to form a new venture to accelerate their growth by capitalising on the European consumer’s evolving appetite for consumer electronics. The assets of the newly-formed company will comprise The Carphone Warehouse’s existing retail business, operating from more than 2,400 stores in nine European countries under the Carphone Warehouse and Phone House brands; and The Carphone Warehouse’s share of its existing relationships with Best Buy.

Best Buy may target U.K. retailers Comet, Currys

LONDON (MarketWatch) -- Fresh from securing a retail joint venture with Carphone Warehouse Group PLC (CPW.LN), U.S.-based electrical retailer Best Buy Co.

Carphone sells 50 percent retail stake to Best Buy

LONDON (Reuters) - U.S. consumer electronics retailer Best Buy (BBY.N: Quote, Profile, Research), which is spending $2.1 billion on part of Britain's Carphone Warehouse (CPW.L: Quote, Profile, Research), said on Thursday the deal should boost this year's revenue by $5 billion to around $48 billion.

Best Buy sales get Carphone boost, stops buyback

LONDON, May 8 (Reuters) - U.S. consumer electronics retailer Best Buy (BBY.N: Quote, Profile, Research), which is spending $2.1 billion on part of Britain's Carphone Warehouse (CPW.L: Quote, Profile, Research), said on Thursday the deal should boost this year's revenue by $5 billion to around $48 billion.

Best Buy enters Europe with Carphone

LONDON (Reuters) - U.S.-based Best Buy (BBY.N: Quote, Profile, Research), the world's biggest electronics retailer, is to pay $2.1 billion (1.1 billion pounds) for half of Carphone Warehouse (CPW.L: Quote, Profile, Research) chain to take on the European consumer electricals market.

Sony & Uncle Toby turn backs on NZ agencies

Oats has appointed McCann Sydney to manage its advertising on both sides of the Tasman. The incumbent was Clemenger Sydney. Uncle Toby’s is a joint venture between Nestle and General Mills, and the appointment consolidates all CPW cereal brands into McCann.

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