RadioShack News: Dealers Organize, Name is For Sale
With RadioShack's store auction set to begin, a group of RadioShack dealer/franchise owners have formed a group to "represent the interests of the participating Dealers/Franchisees in RadioShack’s bankruptcy case."
“RadioShack has been an iconic American brand and it’s sad that it finds itself in bankruptcy. The Dealer Group will look out for the interests of its participants and hopes to be as helpful as possible and positively influence the bankruptcy proceedings to protect the interests of the relatively strong performing dealer/franchise stores,” Ira Brezinsky, chair of the group, said.
Meanwhile, according to multiple media reports Tuesday, the RadioShack name is for sale, separately from its stores. According to Consumerist, bids start at $20 million- "The Shack" sold separately.