Music Magpie is an online retailer specialising in refurbished electronics, phones, CDs, Blu-rays DVDs, games and books. It was acquired by AO.com in 2024. Retail Week provides news, analysis, features and opinion about Music Magpie and the electricals sector.
Electricals giant AO has agreed a deal to acquire secondhand tech expert Music Magpie.
Music Magpie has reported a fall in revenues during the first half of the financial year
Music Magpie has reported a decline in overall revenue and profit for the year ending November 30, 2023.
Music Magpie said a record Black Friday period has helped “offset a softer H1” as it posted its pre-close trading update to November 30, 2023.
Music Magpie is in “early-stage discussions” with potential buyers as it seeks a private sale.
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