Sunday, January 23, 2022
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General Wireless officially takes over RadioShack

🕐 1 min read

General Wireless Operations Inc. announced today its official purchase of the RadioShack brand for $216.2 million, with the stores – 1,743 of them – continuing to operate under the RadioShack name.

General Wireless is an entity of the Standard General hedge fund, which acquired the stores following a bankruptcy auction earlier this year.

“We are excited to be moving forward as a new and reinvigorated company under one of the most recognized consumer brand names of all time,” said Ron Garriques, CEO of RadioShack. “Our stores serve over 1,200 communities, providing high-quality, high-value consumer electronics and accessories from globally recognized manufacturers and increasingly, with this acquisition, from exclusive brands that our customers know and trust such as Realistic, AUVIO, ENERCELL Optimus and more.”

Garriques was named CEO in April. He was previously with Motorola and Dell.

Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

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