The party is ON! Join us at TNW Conference 2021 in Amsterdam for face-to-face business!

The heart of tech

This article was published on July 19, 2017

RadioShack is somehow still alive and under new management

RadioShack is somehow still alive and under new management
Rachel Kaser
Story by

Rachel Kaser

Internet Culture Writer

Rachel is a writer and former game critic from Central Texas. She enjoys gaming, writing mystery stories, streaming on Twitch, and horseback Rachel is a writer and former game critic from Central Texas. She enjoys gaming, writing mystery stories, streaming on Twitch, and horseback riding. Check her Twitter for curmudgeonly criticisms.

RadioShack, the 96-year-old electronics store that’s gone bankrupt twice in the last decade, is still here — and a new business just ensured it’ll still be here a little while longer.

Talk about a blast from the past. According to ReutersKensington Capital Holdings, a single family office from Boston, assumed ownership of the chain with a $15 million bid.

According to Reuters‘ sources, the new owners will license the brand back to the company that currently operates it. RadioShack currently operates less than 100 brick-and-mortar stores, though it still does business online.

I’m happy enough with the news — I always liked RadioShack. I still use the RadioShack-branded RF modulator I got years ago to co-opt my TV’s coax port for a DVD player (look, all my other ports went to video game consoles — don’t judge).

RadioShack is currently working on a bankruptcy plan. At the end of June, RadioShack’s creditors brought suit against Sprint for a breach of contract that supposedly crippled the former, sending it back into bankruptcy for the second time.

Also tagged with