Canadian Music Chain Closes

Source:
ET Canada

“Music World, the last Canadian-owned national music store chain, is under bankruptcy protection and will close its stores, the latest victim of a rapidly changing music business.

But the move does not signal the end for the company, said Music World president Kai Voigt in a telephone interview with CanWest News Service.

There will be a change in direction, said Voigt, one of the new owners, indicating that there will be a shift toward more of an online presence. “That is a component.””

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