Philips Invests In Super Club

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 to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Film News from Variety

Loading