computing machine and electronics retailer CompUSA announced on Friday that it would commence nose down its retail cognitive process after being acquired by an investment house , which is looking to sell the company ’s business and plus .
Gordon Brothers Group LLC is discussing with dissimilar party the sales event of store in key retail market and CompUSA ’s other asset , including the net retail unit CompUSA.com and proficient - documentation - services business CompUSA TechPro .
The retail stores that do n’t sell will be shut down , CompUSA said in a program line . The 103 stores will stay on open during the holiday shopping season and allow for clayey deduction on product .
The cut-rate sale add up amid the financial struggle of CompUSA ’s parent company , Mexico - ground take for company US Commercial Corp. SA de CV .
During the third quarter of 2007 , the company report a loss of 494.89 million Mexican pesos ( $ 45.7 million ) on taxation of 4.6 billion Mexican Colombian peso . The company also reported losses the premature two financial class .
In February , CompUSA said it would exclude 126 stores as part of a monolithic restructuring effort in which it received a $ 400 million hard cash infusion from an nameless investor .
Carlos Slim Helu , the chair of Grupo Carso , which hold a majority stake in US Commercial Corp. SA de CV , was looking to trade his portion in CompUSA with the retailer struggle , allot to theWall Street Journal . The companionship approach rivals Circuit City Stores , Micro Electronics and Systemax to take over the store and its operations , but no deal was struck , the Journal said .
Slim Helu , who also operates retail businesses in Latin America , poured about $ 2 billion into CompUSA since 1999 , theJournalsaid . Slim Helu also hold a 9.2 percent stakes in Circuit City , but sold off his share after an unasked bidding to evolve the company was rule out by a Circuit City instrument panel .
Reposted to discipline financial information in the fifth paragraph .
