On May 13, 2015, General Wireless Inc., an affiliate of Standard General, purchased the assets of the company, including the RadioShack brand and related intellectual property assets, for US$26.2 million. By then, it was operating only in the United States and Latin America. On February 5, 2015, RadioShack Corporation filed for Chapter 11 protection under United States bankruptcy law after 11 consecutive quarterly losses. While outside of those listed areas, the company had sold licenses to other companies to be able to use the RadioShack brand name in other parts of the world that had included parts of Asia, North Africa, Latin America, and the Caribbean. RadioShack operates primarily as an e-commerce website, a network of approximately 500 independently owned authorized dealer stores, and as a supplier of parts for HobbyTown.Īt its peak in 1999, it had operated stores under either the name RadioShack or Tandy in the United States, Mexico, United Kingdom, Australia, and Canada. has licensed the name from General Wireless IP Holdings LLC, in which Kensington Capital Holdings owns a majority stake. Since 2017, General Wireless Operations Inc. RadioShack, formerly RadioShack Corporation, is the trade name of an American retailer founded in 1921.
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