Trans World Inks Deal To Buy Musicland
February 21, 2006 at 6:20 AM (PT)
TRANS WORLD ENTERTAINMENT has announced that it has entered an agreement to buy MUSICLAND HOLDING CORP. for an undisclosed price.
MUSICLAND, which is in Chapter 11 bankruptcy, is the parent of SAM GOODY and SUNCOAST MOTION PICTURE CO. retail stores and MEDIAPLAY.COM; TWE operates FYE, COCONUTS, STRAWBERRIES, SPEC'S, WHEREHOUSE, CD WORLD, SECOND SPIN, and PLANET MUSIC music retail outlets. The deal will be subject to a competitive bidding process and court approval.