 In 2001, the company was acquired by Best Buy for C$580 million.In 2015, Best Buy shut down Future Shop.After the sale of Future Shop, Khosrowshahi focused on real estate development, pharmaceuticals, investments, and philanthropy through his family office, Persis Holdings Ltd.

Khosrowshahi has served as a director of the Bank of Canada, Canada Post, been an executive committee member of the Business Council of B.C., and has served as chairman and is a director of the Fraser Institute.