Monday, April 22, 2013

A replay of the Virgin étude

Des distribution players, whose network Cultura, consider this option or partial distributor of cultural property, as JDD.

Des distribution players, including Cultura network which has 52 stores in France, the opportunity to study a partial or total distribution of cultural goods Virgin Megastore, which filed for bankruptcy on Wednesday, according to the Journal of Dimanche.< / p>

"If investment funds seem to shun the record, some pros distribution would explore the possibilities of partial or total recovery," writes the newspaper, without identifying its sources, adding that "this would be the case of specialist hobby Cultura ". The latter specifies the JDD, did not want to make commentaire.

Virgin, owned 74% by Butler Capital Partners (BCP) and 20% by Lagardère, "has valuable assets," despite its debt, argues JDD. He cited in particular the iconic Parisian store's lease of the sign on the Champs-Elysées (20 million), leases of other stores (20 million) and cash of $ 35 million. Brand and Virgin Megastore, where BCP would own a perpetual license itself would be 20 million .

Decision Monday on a receivership

Interrogée Sunday on France 5 on the statements of the Minister of Culture Aurélie Filippetti who denounced "unfair competition from Amazon" to explain the difficulties of Fnac and Virgin, the Minister of Economy Digital Flower Pellerin responded "It is indeed an unfair price competition by the imposition." "You have a number of players today, e-commerce in particular, using the fact that their headquarters are located in Luxembourg or in countries with a tax system that is more favorable than the French tax and which, Suddenly, offer products that do not support (...) Read more about Liberation.frQuand Stephen King novels published free on the Internet Ten gadgets presented at CES 2013Emploi: Holland pleased that agreement has been accepted trouvéLe Medef taxation contracts courtsRamon Fernandez. It keeps the debt froide

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