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GameStop Acquires Micromania
October 02, 2008
Grapevine, Texas-based GameStop Corp. announced that it has reached a definitive agreement to acquire Micromania, a French video game retailer with 332 locations, from private-equity fund L Capital. GameStop, which currently has no stores in France, will operate 5,889 locations worldwide in the United States, Canada, Australia and New Zealand. With the Micromania acquisition, the European store count will top 1,077 stores located throughout France, Italy, Germany, Austria, Switzerland, Sweden, Norway, Denmark, Finland, Ireland, Spain and Portugal. The transaction, which is valued at about $700 million in cash, including the assumption of debt, is subject to clearance by the European Commission and is expected to close in November.
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DDI visited the new JCPenney department store at Manhattan Mall in New York and spoke with store manager Joe Cardamone. Below is video of that conversation paired with a walk-through tour of the new store. For more on the JCPenney store, look out for DDI's November/December issue mailing out at the end of November.
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