Dixons and Carphone Warehouse announce merger
As widely reported last week, UK tech retail giants Dixons and Carphone Warehouse have revealed that they are to merge, creating one of the biggest high street technology brands in the country. Dixons CEO Sebastian James announced the news today while reporting trading details for the financial year, according to BBC News.
"Today we also announce that we are setting out on a new journey with Carphone Warehouse and it is good to be in such a strong position as we embark on this adventure.", James is quoted as saying. "The ability to take what we have built in electrical retailing and add the profound expertise of Carphone Warehouse in connectivity would make us a leading force in retailing for a connected world. Together we can create a seamless experience for our customers that will enable technology to deliver what it promises - that is, to make their lives better."
Precise details of the merger have not yet been confirmed, but earlier reports indicated that the new Dixons Carphone Group would be formed as part of a £3.7 billion ($6.2 billion) deal in which both Dixons and CPW are equal partners.
Source: BBC News
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Dixons plagued high streets across the country into the mid 2000's, and Currys was its retail park brand. They settled on Currys across the board for all shops, except computer superstores (PC World) and closed lots of the smaller Dixons.
Dixons remains online and in the airports. If you've ever been here or lived here and are remotely into tech then it would be abundantly simple to you.
Now that they have taken over Carphone warehouse what happens to all the phones4u retail outlets lodging in PC World stores? We will end up with a situation were finished like phones4u are driven out of business. I wonder what the competition commission is doing?
PC World are just useless.
There's john Lewis (great when you price match) and then the on line retailers, amazon and ebay.
The high street is being decimated.
Both cpw and curry's pc world lack knowledgeable staff... What is this monstrosity going to be like?
Well, good luck to the staff.
As mentioned above, John Lewis is the only real electronics retailer as an alternative. I don't shop at Tesco for moral reasons and to be brutal with other supermarkets I just don't trust them to retail expensive goods. Even Argos is only good for shower curtains and Brita filters.
This will only be sped up by this merger for sure!