10 result(s) displayed (1 - 10 of 10):

Circuit City's second life (from Corporate Dealmaker)

Circuit City Stores Inc., the brick-and-mortar retailer, may be dead. But Circuit City, the brand, is getting a second shot at life. Systemax Inc. (NYSE:SYX) has relaunched circuitcity.com after closing on its acquisition of the bankrupt retailer's brand, trademark and Web site. As we reported in April when electronics retailer...

Posted on May 27, 2009 12:25 PM

The value of the Circuit City brand (from Corporate Dealmaker)

For a bankrupt retailer, when the stores are closed and the merchandise is auctioned off, all that's left is often the intellectual property. And depending on the company, that IP can generate plenty of interest from potential buyers. That seems to be the case for the bankrupt electronics retailer Circuit...

Posted on April 13, 2009 4:03 PM

Salinas moves on from Circuit City to mining cos. (from Corporate Dealmaker)

Mexican billionaire Ricardo Salinas Pliego built up a 28% stake in Circuit City Stores Inc. but then let it slide into bankruptcy as a deal to take CC private got too complicated. An interview, cited in a DealBook post, shows Salinas regrets losing his $41 million and not getting the...

Posted on February 5, 2009 4:02 PM

Best Buy may buy Circuit City's vacant stores (from Corporate Dealmaker)

It looks like Best Buy Co. could scoop up the vacant stores bankrupt competitor Circuit City Inc. is leaving behind after its liquidation. Chief executive Brad Anderson told Reuters at the World Economic Forum in Davos, Switzerland, that while the priority is to remain "cash strong," his company would consider...

Posted on January 29, 2009 2:10 PM

Who's buying Circuit City, and why is Mexico so interested? (from Corporate Dealmaker)

Bankruptcy Court documents from Jan. 5 were unsealed Friday, showing Circuit City Stores Inc. is seeking approval of procedures that would formally put the company up for sale, as a going concern, as separate business units or as individual assets -- including the sale of inventory. Mexican retail and...

Posted on January 9, 2009 1:34 PM

Dealmaking when the core business is a melting ice cube (from Corporate Dealmaker)

Dial-up Internet access. Retail movie rentals. Yellow Pages directories. These are all businesses with a big customer base but a limited prognosis. What to do? For Rolla Hoff, the CEO working to turn around Internet service provider EarthLink Inc., the answer is to consolidate the Internet dial-up market and acquire...

Posted on July 31, 2008 11:15 AM

Best Buy's options for housing its home appliances (from Corporate Dealmaker)

We told you back on July 10 how Best Buy Co. was considering a plan to take its high-end appliance retail chain Pacific Sales Inc. national. Expanding the chain, which Best Buy acquired for $410 million in December 2006, would help the consumer electronics retailer achieve its goal to...

Posted on July 25, 2008 12:00 PM

Wal-Mart's electronics service ambitions (from Corporate Dealmaker)

Wal-Mart Stores Inc., the world's largest retailer, may very well want to become the world's largest home electronics service company. But how does a retailer of such immense scale -- with limited experience in service, let alone in a niche as technical as electronics -- accomplish this? That was the...

Posted on June 26, 2008 1:18 PM

Icahn waits, Circuit City looks for white knight (from Corporate Dealmaker)

Video retail chain Blockbuster Inc. has been cutting costs and raising prices in order to turn its business around, forecasting first-quarter net income of $30 million, according to Deal Journal. CEO Jim Keyes seems to think spending $1 billion on Circuit City Stores Inc. will help the cause. The mini-saga...

Posted on May 9, 2008 3:35 PM

Icahn, Blockbuster and imperial CEO pratfalls (from Corporate Dealmaker)

Blockbuster's Icahn-endorsed bid for Circuit City smacks of the top-down approach to dealmaking that has failed so often in the past.

Posted on April 15, 2008 8:42 AM