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Future Shop Future Shop is Canada's largest consumer electronics retailer. Future Shop operated 139 stores across all of Canada's provinces in January 2013. Future Shop was purchased for C$580 million by Best Buy on November 4, 2001. The company was renamed Best Buy Canada Ltd. History[edit] Beginnings[edit] Future Shop in Ottawa Future Shop was founded in 1982 by Iranian entrepreneur Hassan Khosrowshahi, who left Iran to settle in Vancouver, British Columbia, to start a retail business.[2] Khosrowshahi graduated from the University of Tehran with a degree in law and economics and was a part of the family that owned the Minoo Industrial Group, a large Iran manufacturer of pharmaceuticals, cosmetics, and food products. By the end of 1995, Future Shop's sales had reached more than $1 billion, with more than $38 million EBITDA (earnings before interest, taxes, depreciation and amortization) In 1997, Future Shop announced a change in management, with Ziabakhsh leaving the company. Best Buy buyout[edit]