Iconic Danish hifi and electronic manufacturer Bang and Olufsen has announced that is to close up to 125 of its shops. The company will also take control of its operations in China and Brazil where they are seeing rapid growth –  The company is also experiencing  good and rapid growth in Russia and India as those economies continue to flourish.

The UK has 74 Bang and Olufsen stores and most of the announced closures will be in the Europe market, but individual stores that will close have not been officially announced. Closures are expected to be within 18 months.