CompUSA to Shut Down After Holidays

Onkel Neal · 12-08-07, 08:40 PM

CompUSA, the computer retailer that Mexican billionaire Carlos Slim owned since 2000, will shut its doors after 23 years, succumbing to competition from Best Buy Co. and Wal-Mart Stores Inc.

Restructuring firm Gordon Brothers Group LLC bought the chain for an undisclosed sum and will sell or close its 103 stores after the U.S. holidays, CompUSA said yesterday. The 67- year-old Slim, Latin America's richest man, failed to turn around CompUSA after investing more than $1.5 billion in the chain over eight years.

http://www.bloomberg.com/apps/news?p...zTY&refer=home

12-08-07, 08:40 PM	#1
Onkel Neal Born to Run Silent Join Date: Jan 1997 Location: Cougar Trap, Texas Posts: 21,289 Downloads: 534 Uploads: 224	CompUSA to Shut Down After Holidays CompUSA, the computer retailer that Mexican billionaire Carlos Slim owned since 2000, will shut its doors after 23 years, succumbing to competition from Best Buy Co. and Wal-Mart Stores Inc. Restructuring firm Gordon Brothers Group LLC bought the chain for an undisclosed sum and will sell or close its 103 stores after the U.S. holidays, CompUSA said yesterday. The 67- year-old Slim, Latin America's richest man, failed to turn around CompUSA after investing more than $1.5 billion in the chain over eight years. http://www.bloomberg.com/apps/news?p...zTY&refer=home __________________ SUBSIM - 26 Years on the Web