Friday, December 07, 2007

Finanzas anyone?

Aparentemente no le están saliéndo tan bien las cosas al hombre más millonario del mundo:

CompUSA to close stores after holidays

DALLAS — Consumer electronics retailer CompUSA said Friday it will close its store operations after the holidays following sale of the company to an affiliate of Gordon Brothers Group LLC.
CompUSA operates 103 stores, which plan to run store-closing sales during the holidays.
"An orderly and expedited wind-down and asset sale process is the best option for CompUSA and its creditors at this juncture," said Bill Weinstein, a principal at Gordon Brothers and now CompUSA's interim president.
Privately held CompUSA, controlled by Mexican financier Carlos Slim Helu's Grupo Carso SA, said discussions were under way to sell stores in key markets. Stores that can't be sold will be closed.
Gordon Brothers will also try to sell the company's technical services business, CompUSA TechPro, and online business, CompUSA.com.
Terms of the transaction were not disclosed.
Dallas-based CompUSA has struggled for nearly a decade with falling prices on personal computers, its most important product, and competition from big-box retailers such as Best Buy.
Helu took the company private in 2000. The chain went through several CEOs and tried different turnaround strategies, such as a move this year to focus on core customers such as gadget freaks and small-business owners.
CompUSA closed more than half its stores this spring and got a cash infusion of $440 million to restructure.
During the wind-down, Weinstein and Stephen Gray, managing partner at CRG Partners, will run the company. The chain's current chief executive, Roman Ross, will serve in an advisory role, CompUSA said.
"We worked long and hard with Gordon Brothers Group to achieve a business solution that maximizes CompUSA's assets," Ross said. He said the advisory firm has "wide knowledge and expertise in this area and we take great confidence in their capabilities."
DJM Realty, a Gordon Brothers Group affiliate, will review leases of CompUSA's store locations.

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