Wednesday, July 19, 2017

RadioShack is somehow still alive and under new management

RadioShack, the 96-year-old electronics store that’s gone bankrupt twice in the last decade, is still here — and a new business just ensured it’ll still be here a little while longer. Talk about a blast from the past. According to Reuters, Kensington Capital Holdings, a single family office from Boston, assumed ownership of the chain with a $15 million bid. According to Reuters‘ sources, the new owners will license the brand back to the company that currently operates it. RadioShack currently operates less than 100 brick-and-mortar stores, though it still does business online. I’m happy enough with the news — I…

This story continues at The Next Web

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