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Best Buy and the Carphone Warehouse to Create New Company

The Carphone Warehouse Group PLC and Best Buy Co., Inc. agreed to form a new venture to accelerate their growth. The assets of the newly-formed company will comprise The Carphone Warehouse’s existing retail business, operating from more than 2400 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.

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 Warehouse gives Best Buy more access to European web shoppers

The Carphone Warehouse Group PLC and Best Buy Co. Inc. are forming a new business to feed European consumers’ expanding appetite for electronics. The assets of the new 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 Carphone’s share of its existing relationships with Best Buy.

Best Buy Pays $2.1 Billion For Half Of Britain's Carphone Warehouse

U.S. electronics store Best Buy said today that it is paying $2.1 billion for half of Carphone Warehouse in order to enter the European consumer electronics market, Reuters reports. Carphone’s 2,400 existing stores will continue to operate under the Carphone Warehouse and Phone House brands in nine European markets, and starting in 2009 the new company will roll out larger stores under the Best Buy name. Previously, Best Buy teamed up with Carphone Warehouse to create Best Buy Mobile in the U.S. The concept will be added to all Best Buy stores this year. The two companies also have been collaborating to bring Geek Squad technical support to European markets. Best Buy said the consumer electronics category is the fastest-growing in European retail over the past five years and represents about a £89 billion ($175 billion) market.

Carphone Warehouse ties up with Best Buy

A Carphone Warehouse shop is pictured in Cambridge, eastern England. The Carphone Warehouse Group, the mobile phone retailer, has said it has agreed to sell 50 percent of its retail operations to US electronics group Best Buy for £1.1 billion in cash as part of an overall tie-up.

Best Buy Buys into Carphone Warehouse and Targets Europe

UK-based mobile phone retail chain Carphone Warehouse has announced a £1.1 billion tie-up with US group Best Buy. Together the pair will launch a joint venture company aiming to target the mobile phone retail market across Europe. Under the terms of the deal, Best Buy will take a 50% stake in Carphone Warehouse's string of high street shops. The two already work together in the US.

Best Buy completes Carphone Warehouse investment

Electronics retailer Best Buy Co. and The Carphone Warehouse Group PLC, Europe's largest cell-phone retailer, said Monday Best Buy's investment in The Carphone Warehouse is now complete.

Best Buy Buys Its Way Into Europe via Carphone Warehouse

Best Buy and British retailer Carphone Warehouse are expanding their partnership to the tune of more than $2 billion. Best Buy will pay that amount for a 50 percent stake in Carphone Warehouse, which will contribute its 2,400 outlets to the joint venture.

Shipwire Makes it Easy for E-Tailers to Expand Into Europe Using its New UK Warehouse

SUNNYVALE, Calif. --(Business Wire)-- Shipwire, Inc., a leader in international ecommerce order fulfillment, today announced its expansion into Europe with a new UK warehouse and pick pack fulfillment facility located outside London in East Sussex, England. Web retailers can now turn to Shipwire to take advantage of the export-friendly U.S. dollar, and growing demand from European consumers. Shipwire is a full-service, on-demand global warehouse and shipping service that takes care of all the hassles of storage and shipping for e-tailers. With Shipwire, retailers enjoy an easy, affordable way to establish a local presence overseas, while dramatically reducing shipping costs and cutting shipping times to Europe by up to 75 percent.

Art Losses Prompt Carrier To Establish System To Assess Warehouse Exposures

warehouse fire in 2004 leading to losses of about $100 million in irreplaceable works of art spurred new risk management efforts, resulting in best practice standards for art storage facilities, according to an art insurance expert.

Warehouse working robots

kiva_robots.jpgThis army of orange robots have taken the place of warehouse workers at a factory in Kentucky and are fulfilling online orders a far cry from the old fashioned “human walking miles� way.

Carphone Warehouse seals billion dollar deal with Best Buy

The Carphone Warehouse has inked a deal with Best Buy, which will see the US retailer take a 50% interest in its retail business in return for $1.1 billion.

Carphone Warehouse extends partnership with Best Buy

Mobile phone retailer Carphone Warehouse has decided to broaden its in-store partnership with electronics retailer Best Buy and will now include the latter's stores in China, Mexico, Turkey and Canada, The Telegraph has reported.

Carphone Warehouse ties up with Best Buy

LONDON (AFP) - The Carphone Warehouse Group, the mobile phone retailer, said Thursday it has agreed to sell 50 percent of its retail operations to US electronics group

Carphone Warehouse ties up with Best Buy

LONDON (AFP) - The Carphone Warehouse Group, the mobile phone retailer, said Thursday it has agreed to sell 50 percent of its retail operations to US electronics group Best Buy for £1.1 billion in cash as part of an overall tie-up.

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.

Carphone Warehouse seals 1bn Best Buy deal

Charles Dunstone, the multi-millionaire founder of the Carphone Warehouse retail group, has unveiled a £1.1bn investment from US rival Best Buy in an attempt to become one of Europe's dominant retailers.

Carphone Warehouse clinches 1bn Best Buy deal

Charles Dunstone, the multi- millionaire founder of the Carphone Warehouse retail group, will today unveil a £1bn investment from Best Buy, a US company, in an attempt to become one of Europe's dominant retailers, The Daily Telegraph has learned.

Carphone Warehouse in link with Best Buy

A chain of Best Buy electronics stores is to be built in the UK in defiance of worries about a subdued British consumer after the US company bought a 50% stake in the retail arm of Carphone Warehouse.

The Carphone Warehouse Group PLC Announces Results of Extraordinary General Meeting; Transaction with Best Buy Completed

The Carphone Warehouse Group PLC Announces Results of Extraordinary General Meeting; Transaction with Best Buy Completed

The Carphone Warehouse Group PLC Announces Results of Extraordinary General Meeting; Transaction with Best Buy Completed

The Carphone Warehouse Group PLC Announces Results of Extraordinary General Meeting; Transaction with Best Buy Completed

Carphone Warehouse EGM Passes Best Buy Deal (DJ)

LONDON -(Dow Jones)- Carphone Warehouse announces that earlier Monday, at the General Meeting of the Company, the ordinary resolutions approving the Sale and the Ownership Arrangements under the Shareholders' Agreement with Best Buy, details of which are described in the circular to Shareholders dated Jun. 12, 2008, were duly passed.

Carphone Warehouse shareholders approve sale of retail ops to Best Buy

LONDON (Thomson Financial) - Carphone Warehouse Group Plc. said shareholders have approved the sale of 50 percent of its European and U.S. retail interests to Best Buy Co. Inc. for about 1.1 billion pounds.

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