Dixons Retail Group in talks with Carphone Warehouse

The owner of PC World and Currys has revealed it is in talks with mobile phone retailer Carphone Warehouse about a potential merger

Carphone Warehouse
Carphone Warehouse

The owner of PC World and Currys has revealed it is in talks with mobile phone retailer Carphone Warehouse about a potential merger.

Dixons Retail Group said the discussions are at an early stage and that no decisions have been made about how a tie-up might be structured.

Both companies are valued at around £1.8bn on the London stock market, following a rise of 5% for shares in Dixons and 3% for Carphone Warehouse. Carphone was founded in 1989 by Charles Dunstone, who still owns 23% of the company. It has more than 2,000 stores across Europe.

The business was recently boosted by a major deal to open 60 Samsung-branded stores across Europe, including a third on UK high streets. Dixons has more than 500 stores across the UK and Ireland, predominantly in out-of-town retail parks.

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