The Clicks Group, the owner of the country's largest music store chain, Musica, is open to the sale of the business. "I'm just not certain who is going to buy it," David Kneale, CEO of the group, said in an interview with Business Times. "Musica is a heritage business that, if you were setting up the business again today, you wouldn't go into." Traditionally, the chain has sold CDs and DVDs, and in recent years has expanded the product range of entertainment products to include headphones and speakers. Music retailers have faced a tough market in recent years, with brick-and-mortar operations closing down as changing consumer tastes and digital music consumption have taken up a large chunk of the market share. When probed about the possible expansion of Musica into different business models such as music streaming, Kneale said the group was focused on its health and retail business. The reason for not focusing on Musica, said Kneale, is that it makes up a small fraction of their ope...
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