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RadioShack announces China retail joint venture

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RadioShack announces China retail joint venture
Submitted by Fox First at Ten on June 8th

FORT WORTH, Texas (AP) - RadioShack Corp. has reached a deal to expand in Asia.
Fort Worth-based RadioShack on Thursday announced a joint venture with a Chinese company to open consumer electronics stores in China, Taiwan, Hong Kong and Macau.
Details are in a filing with the U.S. Securities and Exchange Commission.
Cybermart will hold a 51-percent stake in the venture. The first store is slated to open next month in Shanghai.
___
Online:

http://www.radioshack.com

http://www.cybermart.in/

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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