Circuit City Liquidation:Circuit City Closing
Circuit City Liquidation:Circuit City Closing – Circuit City Liquidation is the headline of the day.Circuit City Stores Inc. was forced to close their 567 U.S. stores and cut 30,000 jobs.Circuit City’s acting Chief Executive James A. Marcum said in a statement:
“This is the only possible path for our company,” “We are extremely disappointed by this outcome.”
Mexican billionaire Ricardo Salinas Pliego and the Golden Gate Capital private equity firm attempted to buy out the company but were unable to secure the necessary financing or support from vendors.
That’s all we have for now on Circuit City Liquidation:Circuit City Closing.