Business & Tech
UPDATE: Report – Sixth Avenue Electronics Selling Stake to Pay Debt
Electronics chain Sixth Avenue Electronics is selling a 33 percent stake to pay down debt, according to a TWICE report.
An unnamed investor has become a non-operating partner in Sixth Avenue Electronics after purchasing a 33 percent stake in the business to help pay down outstanding debt, according to a TWICE report.
According to the report, brothers Billy and Mike Temiz, senior management of the chain, will remain.
Word of the sale came after the chain closed its eleventh store on Saturday in Commack, now leaving the chain with nine locations, with only three left on Long Island.
Find out what's happening in Smithtownfor free with the latest updates from Patch.
UPDATE June 8: According to employees, the Sixth Avenue Electronics in Commack has shut its doors for renovations. Check out the full story on
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