Related To Buy 11 North American Virgin Megastores
Related Companies, a real estate development firm, announced that it will buy 11 Virgin Megastores music stores in North America from Virgin Entertainment Group. The terms of the deal were not disclosed. Why Related would be interested in Virgin’s megastores is a mystery. The mega-concern has over $16 billion of real estate assets, with an additional $10 billion currently in development. The company’s other businesses...
Sennheiser Announces Consumer Headphone Subsidiary
Sennheiser has announced that it has created a Consumer Electronics Subsidiary that will focus on the headphone and earphone market based on a “39.8 percent leap in sales over the past year.” Sennheiser Consumer Electronics GmbH will be based in two locations, Ireland and Singapore. Tullamore in Ireland is where transducer manufacturing, assembly of Sennheiser’s headphones and worldwide fulfilment are based. Managing...
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