ONOFF Stores Acquired
JULY 20, 2011 • Thirty of the 67 locations of bankrupt Swedish electronics retailer ONOFF are being acquired by the Norwegian competitor Expert International GmbH. The latter has a 9% market share currently, which will then increase to 12%-13% following the acquisition.
Impact: ONOFF has been around since 1982 but the Swedish home electronics market has been brutal in recent years. Stiff comp.....