buy Musimundo

buy Musimundo

Musimundo closed in February, is it the end of the record chains in the country?

Red Megatone Musimundo closed everything to gain complete manner, to absorb all its employees and from the first half of February to take charge of its 50 locations across the country. That would end forever the mark so many ever dream ... do you remember the hologram that beat him to the top of the discs?



Three months ago the Red Megatone strong negotiations began to run a full acquisition: absorvería Musimundo employees and the deal could close during the first half of February when defining the amount of the transaction.
"More than anything, what is being discussed now is the price. No labor contingencies, since almost all employees working in local and Megatone plans to absorb them all, "one source said the daily Clarin.
Musimundo very concerned in trade by the rise of music downloaded over the Internet, in recent years attempted to offset falling sales of CDs with audio articles, computer and library. He has nearly 50 stores and 1,000 employees, of whom over 900 work within the premises.
The Musimundo offer was made by two members of Red Megatone: Cars, in the province of Chaco, and Megatone Electronics, the city of Santa Fe The third partner is Red Megatone Avenue Bazaar, located in Rafaela (Santa Fe), which called for reorganization and not involved in this negotiation. The intention is to use Carsa and Megatone Musimundo network to set foot on Capital and Garbarino and Frávega compete with the other two major retails in the country.
The mark would thus Musimundo history, which would create a serious crisis in the stamps are betting sell music legally.
The investment fund owns Musimundo Pegasus. Bought in July 2003, two months after taking Nestor Kirchner, a group of banks that had claimed indebtedness to the Exxel Group. The cash amount would have been very high, there was talk of $ 15 million, but the debt at that time exceeded $ 100 million, even after a major off bankruptcy. That debt already close to be paid. The returns of business: in 1998, Exxel had paid U.S. $ 235 million to Natalie Garber, founder of the company.
During these 7 years, while other businesses prospered Pegasus was adding-Freddo, Farmacity-Musimundo business fell worldwide. The chain gave various locations: Santa Fe and Callao, Caballito, Lanús and Alto Palermo, among others. The surface of the local huge shopping Abasto was reduced to less than half and the vacant space was rented to the course directly. A good summary of what we sell and what not.

Source: http://www .***/ noticias/en-un-mes-cierra-musimundo-% C2% BFEs-the-end-of-the-chains-of-disks-in-the-country /