RadioShack Becomes Sole Owner of Radio Shack de Mexico
Dec 17, 2008
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RadioShack Corp. announced that it has become the sole owner of Radio Shack de Mexico, S.A. de C.V. after purchasing the interest in the joint venture held by Grupo Gigante, S.A.B. de C.V. for approximately US$43 million in cash. Radio Shack de Mexico has approximately 200 RadioShack branded stores throughout Mexico.

RadioShack will operate the stores and related general office, service center and distribution center in Mexico as a wholly-owned subsidiary. All of the stores and support facilities are leased locations. The stores average approximately 1300 square feet and are primarily located in shopping centers. Radio Shack de Mexico employs approximately 1200 people.

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