CompUSA, the computer retailer controlled by Mexican billionaire Carlos Slim was sold to an investment firm and will close all of its 103 stores after the holidays, the company said Friday.
Gordon Brothers Group LLC bought the chain for an undisclosed amount, according to a released statement.
Founded 23 years ago, CompUSA focuses on selling computer electronics and gadgets to small companies and individuals. Slim had owned the company since 2000.
Gordon Brothers had previously helped CompUSA sell some of its underperforming stores. The chain sold half its stores earlier this year.
CompUSA had a total of $3.5 billion in sales last year. Top U.S. consumer electronics retailer Best Buy had sales $35.9 billion. Second biggest electronic store Circuit City Stores Inc. had sales of $12.4 billion.