Music and video retailer Super Club N.V. will receive a $128 million investment from entertainment and consumer electronics giant N.V. Philips in the form of equity and convertible debt, according to published reports.

Philips previously owned 12% of Super Club and will henceforth own about 21%.

Super Club N.V. of Belgium is the parent of Super Club, North America, which operates about 450 retail stores in the U.S.

Want Entertainment News First? Sign up for Variety Alerts and Newsletters!
Post A Comment 0