Even having the might of Best Buy behind it can't stop consolidation.
In this banker-induced-recession no one is immune…
Proving that point again this month is Carphone Warehouse which, despite the backing of co-owner US super-chain Best Buy, has placed 450 jobs at “at risk” following a comprehensive review of its operations.
According to the BBC, talks have already begun with staff at its North Acton head office and those in West London plus employees in call centres at Preston, Warrington and Wednesbury. Despite the potential reduction no actual outlets are likely to be closed and the deal to open 100 Best Buy stores across Europe by 2013 remains on course. Best Buy bought a 50 per cent stake in Carphone Warehouse’s retail business last year in exchange for a sizeable $1.1bn investment.
While the news shouldn’t come as a shock given the high street carnage at present Carphone has been one of the more industrious and progressive brands in recent years buying AOL UK for £370m in 2006 and becoming the only third party retailer to secure rights to sell the iPhone. Carphone also owns (s)lousy(/s) ISP TalkTalk but it has been looking to ditch the business for some time, even if its £900m asking price now looks like fairytale pricing.
I’ll put an update on this if official redundancies come about. Sadly, I suspect that’s more of a ”when”…
via BBC News