Best Buy increases stake in Five Star

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16 April 2007 — Beijing (CHN): Best Buy has increased its stake in Chinese electronics retailer Jiangsu Five Star to 70 percent.

In February, Best Buy unveiled plans to open between 20 and 23 new Five Star stores within an 18 month period.

 

Last summer, Best Buy acquired a 50 percent stake in the Chinese company for $180 million.