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Argentina: Santander acquires stake in Musimundo.
South American Business Information; Apr 14, 2000; 700+ Words ...the option of buying 100% of the real Musimundo. With Santander's investment the company will be able...this month. Gustavo de Tr=E1paga, Musimundo's Director for Exxel, thinks that Musimundo.com will have a 20mil turnover by...
Argentina: Musimundo had to call in the receivers.
South American Business Information; Sep 4, 2001; 648 Words ...Exxel Jorge De Maria said that Musimundo's financial crisis was caused by...paid US$235mil for 100% of Musimundo's shares owned by Natalio Garber...year. According to the company, Musimundo's sales will drop to US$169mil...
Argentina: Musimundo expands in Chile.
South American Business Information; May 26, 2000; 613 Words ...and was designed to be the company's flagship. From September, Musimundo will invest another US$5mil in another...its arrival in Chile. The company's plans are to expand to Uruguay and Brazil. Musimundo's main competitor in Chile is the chain...
Argentina: Musimundo sets up branch in Santiago.
South American Business Information; Nov 2, 1999; 504 Words ...electronics retial trade chain Musimundo, controlled by The Exxel Group...other branches until end 1999. Musimundo's goal is to conaquer 20% of the...compafred with 0,5% in Argentina. Musimundo operates in Argentina over the...
Chile: Exxel opened Musimundo music store.
South American Business Information; Nov 17, 1999; 422 Words ...3mil this year and US$22mil next year. Besides cd's, Musimundo's stores will sell books, computers, software, musical instruments and consumer electronics. Musimundo also plans to enter intothe Brazilian and Uruguayan...
Musimundo in the hands of Citibank.
South American Business Information; Aug 5, 2002; 599 Words ...Eleven months ago, when Musimundo had to call in the receivers...Citibank will look for a buyer for Musimundo which has 65 branches. The...more than 40% this year. Musimundo has a monthly operative deficit...also selling the children's clothing chain Coniglio. The...
Argentina: Musimundo had to close all its branches.
South American Business Information; Sep 19, 2001; 554 Words ...is the beginning of the end of Musimundo which had to call in the receivers a couple of weeks ago. Musimundo, which in terms of turnover was...from Canada, acquiring 29% of Musimundo's shares. The other 71% is still...
Three bidder for Musimundo.
South American Business Information; Mar 14, 2003; 327 Words ...Narvaez and Global Investment owner of Yenny-El Ateneo made an offer of US$2mil in cash plus to take on Musimundo's debt. Musimundo's shares are still in the hands of The Exxel Group. However, over a year ago Musimundo had to call in the...
Musimundo pays part of its debt.
South American Business Information; Apr 15, 2003; 337 Words ...via COMTEX) The record chain Musimundo obtained the approval to solve...its creditors. The firm's proposal includes a reduction...its debt of Pesos$152mil. Musimundo will cancel its debt in a 15...restructuring of its debt, Musimundo will be ready to be sold...
Musimundo to open 1st branch in Chile.
South American Business Information; Oct 8, 1999; 396 Words ...Argentinean music stores chain Musimundo will open its 1st branch in...annual sales of US$40mil. Musimundo aims to hold 25% of the local...presently holds 30%. The chain's starting investments in Chile...Product: Retail Trade Company: Musimundo Event: Branches SABI (South...
Chile: Musimundo tries to improve is position.
South American Business Information; Oct 1, 2001; 435 Words ...designated by the courts met with Musimundo's creditors in order to discuss...recording material for sale by Musimundo to keep the company in business...should increase the company's value whilst otherwise Musimundo would be closed and sold off...
Chile: Musimundo up for auction?
South American Business Information; Oct 2, 2001; 363 Words ...court request to continue to give Musimundo recording merchandise to be sold in the company's stores. Therefore, Musimundo should close many of its 11 outlets...creditors meeting should decide if Musimundo will be sold as an economic unit...
Argentina: Musimundo opens new shops in Chile.
South American Business Information; Feb 16, 2001; 471 Words ...country, the Argentinean chain Musimundo is planning to expand nationally...It will have 21 shops in Chile. Musimundo will invest US$8mil in these...turns over US$60mil annually. Musimundo's main competitor is Feria del Disco...
Chile: Musimundo gets no final offers.
South American Business Information; Nov 28, 2001; 417 Words Chile, Nov 22, 2001 Musimundo's auction failed due to the fact that niether of the interested...Griffith Music (British company)- submitted effective offers. Musimundo's creditors' last meeting had fixed the company assets at $1...
Argentina: Musimundo starts its restructuring.
South American Business Information; May 18, 2001; 512 Words Argentina, May 16, 2001 Musimundo the main record chain in Argentina...month reducing its personnel. Musimundo is owned by The Exxel Group...130mil, affected the company. Musimundo will reduce its offer of CDs...year. One of the company's plans is to open a mega-store...
Banco Mariva stops sale of Musimundo.
South American Business Information; Apr 2, 2003; 375 Words ...Banco Mariva, one of the company's creditors, stopped this operation...the payment offer presented by Musimundo. This company's plan included the payment of a...an annual interest of 3-5%. Musimundo has other debts of Pesos$43...
Chile: Chilean companies call for Musimundo foreclosure.
South American Business Information; Sep 17, 2001; 422 Words Chile, Sep 11, 2001 Musimundo, the Argentinean chain of records and cassettes...receive their payments. EMI Chile has requested Musimundo's foreclosure in the 30th Civil Court in Santiago. Musimundo has a US$57mil debt with EMI Chile. Also...
Musimundo's auction has a new date.
South American Business Information; Dec 11, 2001; 384 Words Chile, Dec 4, 2001 Musimundo's creditors meeting announced December...2001, as a new date for the company's auction and the new minimum price is...companies interested in purchasing Musimundo's assets were revealed: Feria del Disco...
Chile: Musimundo's auction has a new date.
South American Business Information; Dec 10, 2001; 384 Words Chile, Dec 4, 2001 Musimundo's creditors meeting announced December 10th as a new date for the...During the meeting, two new companies interested in purchasing Musimundo assets were acknowledge, Feria del Disco, a local company, and...
Chile: Musimundo to open branches within Lider's hypermarkets.
South American Business Information; Jan 13, 2000; 376 Words The Argentinean chain Musimundo will open music stores within Lider's Chilean hypermarkets, after having come into an agreement...2000 Country: Chile Product: Retail Trade Company: Musimundo Event: Branches SABI (South American Business Information...
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