Dixons retail set to offload Pixmania

DIXON’S Retail, Europe’s second-biggest electrical goods retailer, is expected to confirm reports today that it will recommend a sale of its loss-making PIXmania e-commerce business. PIXmania, which operates in France and the Czech Republic, has dragged down the performance of the group as it battles the economic problems that have kept much of Europe in recession. A European private equity firm will buy it, according to Sky News.