Tuesday, 30 June 2009
DSG forecasts a tough year after posting $140m loss
You don't have to be a moron to be on the board at DSG, but it helps.
Not long ago, NS was frowning at the fact that Dixons-Currys-PC world group were experiencing heavy losses, and were seeking additional investment to help them get by.
This was despite the fact that aggressive U.S electric giant Best-Buy was going to be pushing hard into the space with all guns blazing.
What was needed was a dramatic restructure, not a loan.
And now, just a few months later, hey presto - money being poured down drains large enough to hold Africa's' water reserves.
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