Irish PC assembler IQon Technologies has become the first causality of Dell's move into retail, entering liquidation after failing to find a buyer.The firm, which entered examinership – the Irish equivalent of administration – in November last year blamed the former direct sales vendor's move into retail for spooking potential investors.
It had been reported that the firm was in discussions with an anonymous French investor.
Speaking to CRN, senior accountant at examiner firm Michael McAteer, Nigel O'Keeff said: "In the end, the investor became wary of market competition. The announcement before Christmas that Dell will be supplying to Tesco did not help."
Advertisement
Related Stories
- Daily deals websites get the Apprentice treatment May 23rd 2012 at 9:58PM
- iPad boosts April online sales to strongest in 18 months May 22nd 2012 at 10:53AM
- Vendor job cuts rumoured to be on the way May 21st 2012 at 1:21PM
- Dixons reports growth in UK sales in latest statement May 10th 2012 at 9:14PM
- TP-Link partners with Asda May 9th 2012 at 2:46PM
- Are you selling the Connected Home? May 2nd 2012 at 12:53PM
- Clare Rayner: Climb the 10 Steps to Retail Success May 2nd 2012 at 11:43AM
- Tesco sees UK profits fall Apr 18th 2012 at 10:51AM
- Serif agrees Asda deal Apr 17th 2012 at 2:27PM
- NCsoft gives headstart to gamers who pre-purchase Guild Wars 2 Apr 12th 2012 at 9:34AM
