If you are wondering why your orders from CD WOW have not arrived it's probably because the company is now in receivership. The receivers are actively looking for a buyer. Since the company has been banned from selling grey import CDs to the UK and Europe, and has been given a £41 million fine by the British High Court, potential buyers may be very few and far between.
I'm attaching the article for everyone to read (in case you didn't already know). I'm not ordering anything else from CD WOW until the situation becomes clearer. If you have outstanding orders, particularly if they are overdue, my advice is cancel while you can.
CD Wow! goes into receivership, offered for sale
Online retailer forced to close after £41m BPI damages
by Amy-Mae Elliott
2 August 2007 - MCV is reporting that online retailer CD Wow! famous for selling cut price CDs, DVDs and games has gone into receivership.
Apparently the Hong Kong-based company is currently seeking "expressions of interest" for its assets and business.
The parent company, Music Trading Online, is claiming a turnover of $500 million (Hong Kong dollars) for last year.
CD Wow! hit the headlines in the UK most recently when it was ordered to pay millions to the BPI (British Phonographic Industry) for being in "substantial breach" of a previous agreement to stop them from importing cheap CDs from Hong Kong.
The High Court in London found them in contempt of court and subsequently ordered them to pay £37 million, plus interest, to the BPI.
It is not clear if this ruling, which totaled a £41 million pay out, is the reason behind CD Wow! going into receivership, but an industry insider has assured us that this is the case.