Best Buy says goodbye to Europe
Best Buy is pulling out of a big joint venture in Europe. The company is selling back its 50 percent stake in the mobile phone retailer Carphone Warehouse, at a significant loss.
Marketplace’s Stephen Beard joins Morning Report host Jeremy Hobson to explain why the company is pulling back and whether it represents a trend of U.S. companies retreating from Europe.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
