Cool Holdings, Inc. Announces Acquisition of Simply Mac and Becomes the Largest Apple Premier Partner in the United States
COOL HOLDINGS INC COMMON (AWSM)
Company Research
Source: PR Newswire
MIAMI, Sept. 26, 2019 /PRNewswire/ -- Cool Holdings, Inc. (NASDAQ: AWSM) (the "Company") today announced that it has completed the acquisition of Simply Mac, Inc., from GameStop, Inc. (NYSE: GME). Simply Mac, based in Salt Lake City, Utah, is a chain of 41 retail stores across 18 states. It is an authorized reseller of Apple products and industry-leading high-profile accessory brands, and is the largest Apple Premier Partner in the U.S. Together with its 16 existing OneClick stores, the Company now operates 57 retail stores in the United States, Argentina and the Dominican Republic.Commenting on the acquisition, Rein Voigt, president and chief executive officer of Cool Holdings, stated: "We have been working on the Simply Mac acquisition for some time, and are extremely pleased to have it completed as a critical milestone as part of our retail expansion plans. Simply Mac is of great strategic importance to our Company, and we expect it will be the foundation for us to achieve profi
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