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Richard Schulze

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  • Best Buy founder Richard Schulze returns as chairman emeritus

    Best Buy founder Richard Schulze is throwing his support behind the current management, returning as chairman emeritus to the electronics retailer he left in a haze of scandal last year and then tried to buy out.
  • Best Buy takeover bid falls through, earnings show signs of hope

    Richard Schulze, Best Buy Co.’s largest shareholder, missed his window this week to attempt a takeover of the electronics retailer. But if its fourth quarter financials are any indication, the struggling company may not need him. Best Buy,...

    Barnes & Noble Chairman Riggio plans retail bookstore buyout

    Barnes & Noble Inc. Chairman Leonard Riggio is hoping to buy out the struggling retail side of the bookstore business he bought some 40 years ago as digital advances and online competition threaten the chain’s growth. In a Securities and...

    Best Buy leaving Europe to streamline business

    Best Buy leaving Europe to streamline business
    Electronics retailer Best Buy Co. is leaving Europe, selling its stake in a partnership with London telecommunications company Carphone Warehouse Group as it attempts to simplify its operations. The Minneapolis chain said Tuesday that the boards of both...

    Best Buy founder Richard Schulze offers to buy struggling company

    Best Buy founder Richard Schulze offers to buy struggling company
    Richard Schulze has offered $24 to $26 a share to buy Best Buy, the teetering electronics retailer he founded in 1966 and helped run for decades before being elbowed out in a scandal this spring. Schulze is already the Minnesota company’s largest...