Circuit City Canadian Unit Sold
Bell Canada announced Monday that it has purchased CIrcuit City's Canadian unit, The Source, for an undisclosed sum out of bankruptcy court. The chain includes 750 stores north of the border, which were operated by interTAN Canada prior to the bankruptcy.
"The acquisition of our Canadian operations by Bell Canada follows an active sales process that saw considerable interest in this business," Circuit City's acting CEO, James Marcum, said as part of the announcement. "This is a positive outcome for Circuit City, InterTAN and its employees, suppliers and customers."