Archive for the 'Michael’s' Category

Finally a Buyer for RadioShack?

It looks like the closest thing we have to a RadioShack buyer is private-equity firm Blackstone Group, in a deal that could reach $3 billion, the New York Post reports. The article says that CEO Julian Day wants to accelerate the selling process and is making presentations to bidders this week, which could also include Kohlberg Kravis Roberts & Co., Bain Capital and TPG.

The firms are reportedly interested in the chain because of its growing mobile phone business. Rival Best Buy was said to show interest in RadioShack, but that retailer is already growing its own mobile offerings.
Continue reading ‘Finally a Buyer for RadioShack?’

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Moody’s Says 39 Retailers Distressed

Moody’s recently put out a “Bottom Rung” list of 283 companies that the ratings agency thinks are most at risk of defaulting on their debt, and there’s a lot of retail on there.

Reuters has nicely put together a condensed list of all 39 retail and restaurant operators to make the distinction, and there’s not too many surprises.
Continue reading ‘Moody’s Says 39 Retailers Distressed’


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