16 Nov 2009 07:00
16 November 2009
MBL Group plc
("MBL" or "the Group")
MBL Group signs contract to supply best buy's uk stores
The Board of MBL Group plc, the UK distributor of home entertainment products, is pleased to announce that it has signed a new contract with Best Buy for the exclusive supply of its DVDs, BluRays and CDs. The contract is for an initial period of 12 months with the potential to extend for a further 12 months.
Best Buy is set to open its first UK store in Spring 2010 with further store openings to follow later in the year.
Best Buy's reputation and passion for retailing music and movies make its imminent arrival in the UK a particularly exciting prospect for the industry.
MBL has responded positively to the changes in the market place this year and the demise of Entertainment UK. MBL is growing its business fast and Best Buy is the latest partner in its expanding portfolio of customers.
Trevor Allan, MBL's CEO said:
"We are delighted to be working closely with Best Buy. Over the coming months, Best Buy and MBL will be working with the industry to share plans and explore future opportunities."
Enquiries:
| MBL GROUP PLC | Tel: 0161 767 1620 | |
| Peter Cowgill, Chairman | ||
| BISHOPSGATE COMMUNICATIONS LIMITED | Tel: 020 7562 3350 | |
| Maxine Barnes/Will Tindall/Siobhra Murphy | ||
| SEYMOUR PIERCE LIMITED | Tel: 020 7107 8000 | |
| Mark Percy |
MUBL.L (MUBL)