THE RETAIL BULLETIN - The home of retail news
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
THE Retail Conference 2022
Retail Women In Leadership 2022
Digital Transformation Strategy 2022 Part 2
Omni Channel Futures 2023
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Gear4music completes acquisition of AV online

Online musical instruments retailer Gear4music has completed the acquisition of AV Distribution which trades as AV Online. The company sells a range of audio-visual equipment including… View Article

SPORTS & LEISURE

Gear4music completes acquisition of AV online

Online musical instruments retailer Gear4music has completed the acquisition of AV Distribution which trades as AV Online.

The company sells a range of audio-visual equipment including hi-fi speakers and home cinema systems.

Andrew Wass (pictured), chief executive of Gear4music, said: “With the launch of AV.com scheduled for January, we look forward to building on the profitable growth achieved by AV Distribution, and leveraging the strength of our e-commerce platform and our European infrastructure to accelerate our growth in this £2.7 billion European market.”

Giving an update on how the company is navigating sector wide supply chain issues, Wass said its systems and operations have performed well over the busy Black Friday and Cyber Monday period

He added: “We continue to be confident that our full year financial results will be in line with the recently revised consensus market expectations.”

Gear4music believes that consensus market expectations for the year ending 31 March 2022 are currently revenue of £149.2 million and EBITDA of £12 million.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

THE NEXT EVENT

See all upcoming events

LATEST VIDEO

UKG LifeWork ALL: Register your place now to hear more. RETAIL HR 21 Sept LONDON
UKG LifeWork ALL: Register your place now to hear more. RETAIL HR 21 Sept LONDON

Watch video >