CCC acquires rental video, CD section of moneylender Acom+.TOKYO, Nov. 27 Kyodo Major video and CD rental shop A rental shop is a store where a consumer can hire reusable products for a certain period of time before returning them. Typically, a customer must sign up for an account with the shop and give billing information like a credit card number. chain operator Culture Convenience Club Co. (CCC CCC A very speculative grade assigned to a debt obligation by a rating agency. Such a rating indicates default or considerable doubt that interest will be paid or principal repaid. Also called Caa. ) said Monday Monday: see week. it has signed an agreement with consumer financing company Acom Co. to acquire Acom's video and compact disk rental division for 1.05 billion yen. The deal hands ownership of a major part of Acom's 40 rental shops to CCC, operator of the Tsutaya chain of almost 1,000 video and CD rental and retail outlets retail outlet n → punto de venta retail outlet n → point m de vente retail outlet retail n → nationwide. The transfer of the operation of the outlets to CCC management will take place between January 1 and March 31 2001, it added. Although the Acom outlets are relatively small compared to most Tsutaya shops, the deal will give CCC better access in urban areas, it said. |
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