It’s the end of a retail era: after 23 years, computer and electronics seller CompUSA has been sold to Gordon Brothers Group LLC, a global restructuring company that specializes in carving up companies and selling off their assets. Although CompUSA’s current 103 locations will remain open for business through the end-of-year holiday season, CompUSa will wind down after that, shuttering retail operations and selling off stores and service businesses. Financial terms of the takeover were not disclosed; CompUSA will be run by Gordon Brothers principal Bill Weinstein, although current CompUSA CEO Ramon Ross will stay in an executive advisory capacity during the shutdown.
