AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Virgin in talks to buy Tower's remaining UK stores.
Virgin Retail is in exclusive negotiations with Tower Records about taking over its two remaining UK stores, as the US retailer prepares for a complete withdrawal from the market.
The two locations, Tower's flagship Piccadilly store and the Kensington site which also houses its hoed office, were the only UK survivors of a partial pull-out lest summer when six stores closed. If the deal is completed with Virgin, all staff at the remaining sites will be taken on, with Tower looking to withdraw from Kensington in late February and Piccadilly Circus with in three months.
At the time of the initial closures last year, Tower said it was looking to secure a strategic partner or franchisee for its remaining UK business. A similar search is now underway over its two Dublin stores.
Tower and Virgin confirmed they were in discussions late last Friday afternoon, with Tower president Michael Solomon saying that the decision has been difficult. He adds, "Massive rent increases, fierce price wars and ...
- Tower Records Sponsors Many of the Nation's Best Music Festivals This Season.
- Press release article from: PR Newswire June 16, 2006 700+ words
...Calif., June 16 /PRNewswire/ -- Tower Records, America's leading independent music...Chicago to Monterey. "Since 1960, Tower Records has done much more than open the doors...Eisenman, Senior Marketing Officer of Tower Records. "Event sponsorship is the outreach...
- Tower Records Finalizes Sale of Operations in Argentina, Hong Kong and Taiwan...
- Press release article from: PR Newswire October 10, 2001 700+ words
...PRNewswire/ -- MTS, Incorporated, dba Tower Records, the world's largest independent...Kong and Taiwan, and the execution of Tower Records franchise agreements in those territories...Solomon, President & CEO for Tower Records said, "The divestiture of these foreign...
- Tower Records Names Joseph L. D'Amico as CEO.
- Press release article from: PR Newswire July 28, 2006 700+ words
...PRNewswire/ -- The Board of Directors of Tower Records, America's leading independent music...served as CEO of MTS, Inc. (dba Tower Records) from October 2003 until the present...management capacities for companies. Tower Records has retained the investment bank of...
- Tower Records Signs All-New Agreement with WorldCom.
- Press release article from: PR Newswire December 11, 2002 700+ words
...provider, today announced that Tower Records has selected WorldCom as its new...conferencing services to more than 100 Tower Records locations across the United States. "In order to maintain Tower Records' competitive advantage we continuously...
- Tower Records Creates Collectible Gift to Benefit the Milagro Foundation.
- Press release article from: PR Newswire November 21, 2002 700+ words
SACRAMENTO, Calif. -- Tower Records, the leading independent specialty...software announces the arrival of a Tower Records exclusive "Millie the Milagro...The bear is available at all Tower Records locations nationwide and online...
- Tower Records Champions Cause on Behalf of the American Red Cross Retailer...
- Press release article from: PR Newswire November 15, 2001 700+ words
...Calif., Nov. 15 /PRNewswire/ -- Tower Records, the world's largest independent...months ago on September 14, 2001, Tower Records initiated and implemented a fund raising...generosity and participation. In addition, Tower Records corporate has pledged an additional...
- Tower Records Signs Sedgwick Rd. as Agency of Record; Entertainment Icon Looks...
- Press release article from: Business Wire September 19, 2005 700+ words
...search during the past two months, Tower Records, America's leading independent music...in-store components, to promote Tower Records' extensive line of music, movies...relationship with Sedgwick Rd. will allow Tower Records to capitalize on the company's positive...
- TOWER RECORDS Launches Massive Online Bookstore at Tower.com Featuring Over...
- Press release article from: PR Newswire March 29, 2006 700+ words
...Calif., March 29 /PRNewswire/ -- Tower Records, America's leading independent music...addition, the last 12 months have seen Tower Records open new stores, unveil video games...Eisenman, Senior Marketing Officer of Tower Records. "Tower Records stores have always...