Shares soar at music retailer after buying assets of GAK from administrators
Musical instruments retailer, Gear4music has acquired the assets of Guitar, Amp & Keyboard Centre (GAK) which had fallen into administration.
The deal sent the York-based company's shares soaring by 19 per cent to 139.9p in early trading. However, the price is still down from 200p six months ago, and at a fraction of the 1010p high during the pandemic.Gear4music said it has purchased stock with a cost value of £1.8m, together with certain intangible assets including w... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
