CompUSA today announced that it has been acquired by an affiliate of Gordon Brothers Group, LLC, a global advisory, restructuring and investment firm specializing in retail, consumer products, real estate and industrial sectors. Terms of the transaction were not disclosed.
Gordon Brothers Group will initiate an orderly wind-down of CompUSA's retail store
operations and is engaged in discussions with various parties regarding the sale of certain
assets. CompUSA's 103 retail stores will remain open and staffed during the holiday
season, and will offer consumers attractive bargains on computer and electronic products
as part of store closing sales.
Active discussions are under way to sell select stores in key markets as well as the
company's highly-regarded technical services business, CompUSA TechPro, and its
productive Internet sales operation, CompUSA.com. CompUSA TechPro and
CompUSA.com will be operated by the company as going concerns until any sale
transactions are closed.
CompUSA will be run by Bill Weinstein, a Principal at Gordon Brothers Group, acting as Interim President, and by Stephen Gray, Managing Partner at restructuring firm CRG
Partners, who will serve as Chief Restructuring Officer. Current CEO Roman Ross will
continue to serve the company in an executive advisory capacity during the transition
Earlier this year, CompUSA already closed more than half of its US retail stores as part of an initiative to streamline the company.
Read our 5G iPod Video review:
Read our iPod nano review:
Read our reviews of iPod accessories:
Altec Lansing inMotion iM7
Altec Lansing imMotion imMini iPod Speakers
Bose SoundDock Speakers
DLO iBoom Boombox
Radian iBlast Speakers
Ignitek iCruiser 430 Speakers
i.Sound and i.Sound 4X Speakers
i.Sound MAX Speaker System
JBL on stage II Speakers
Klipsch iGroove Speakers
Logitech mm50 Speakers
XtremeMac MicroBlast Speakers
Etymotic ER-6i Isolator Earhphones
v-moda Remix adn Bass Freq Headphones
XtremeMac FS1 High Definition Earbuds
Bluetake i-Phono BT420EX Bluetooth Stereo Headset with Transmitter
IOGEAR Bluetooth Stereo Headphone Kit with Transmitter
Griffin iTrip and iTrip mini
Neuros Recorder 2 Plus
DLO HomeDock Deluxe
Griffin iTalk Pro Stereo Microphone for iPod
More News. . .
Powered by UBB.threads™ 6.5.5