Managing risk: Music Magpie creates natural hedging
CLOSE to half of turnover at Entertainment Magpie, the company behind the innovative Music Magpie business, comes from overseas.
The company, which is backed by private equity firm LDC and employs 850 people, buys unwanted CDs, DVDs and video games from consumers via its musicmagpie.co.uk site. It buys 100,000 items a day from across the UK and Germany, and sells to more than 160 countries.
International growth remains a fundamental part of business development for the Macclesfield-based company, which aims to hit a tur... 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...