THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail HR Summit
THE Retail Conference
Retail HR North 2025
Retail Ecom North
Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Music Magpie explores sale of business

The board of Music Magpie has confirmed that it is exploring a sale of the business with BT Group and Aurelius Group. The news follows speculation… View Article

GENERAL MERCHANDISE NEWS

Music Magpie explores sale of business

The board of Music Magpie has confirmed that it is exploring a sale of the business with BT Group and Aurelius Group.

The news follows speculation by The Telegraph that the refurbished consumer technology specialist is seeking a buyer just two years after going public.

In a statement today, Music Magpie said discussions between the two parties are ongoing and remain at a very early stage.

It added: “Accordingly, there can be no certainty that any offer for the company will be made from either of the parties, nor as to the terms of any such offer. Accordingly, shareholders are advised to take no action at this time.” 

In July, Music Magpie said its first-half performance was in line with expectations with revenue falling to £61.9 million from £71.3 million at the same time in the prior year. The retailer said trading had been hit by postal strikes and low consumer confidence in December and January.

Subscribe For Retail News