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With the recent 50% acquisition of UK-based mobile phone operation The Carphone Warehouse's retail division, Best Buy announced that it would open branded superstores in the UK and other European countries. Best Buy will first open stores in the UK, with plans for up to 200 stores eventually, although the initiative has been delayed until Spring 2010 by the state of the retail market. It is also considering purchasing UK rivals Kesa Electricals (owner of Comet), DSG International (owner of Currys), or both. It is unknown whether these stores will rebrand if acquired by Best Buy. The first two Best Buy stores in the UK will open at The Junction retail park near Lakeside Shopping Centre in Thurrock Essex, and near Southampton at Prupim’s Hedge End Retail Park. A 10 year lease has been signed for the Lakeside store with 50,000 square foot of retail space, while the Southampton store will cover 35,000 square foot. In total 20 locations are planned for 2009 which will all be big box format, however the company is looking for a flagship store in Central London in a prominent area such as Piccadilly Circus, Oxford Street or Regent Street. Best Buy was named Company of the Year by Forbes magazine in 2004, Specialty Retailer of the Decade by Discount Store News in 2001, ranked in the Top 10 of America's Most Generous Corporations Forbes magazine,and made Fortune Magazine's List of Most Admired Companies in 2006.  

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