The end of Tower Records is today, as over a dozen companies are lined up to bid on the music empire. With options for the winner to buy just the inventory, just the web domain, and to sell off or divide whatever they want, it seems the era of Tower Records is over. The company is claiming that there is still value to the brand, which is true, but if the new owner destroys the empire, its hard to see how much value that could hold. Bid are expected to start at $90 million.
RIP Tower.
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1 comment:
If only I had 90 million!
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