Zavvi to close it's doors for good on the 20th!!

    Here is a little snippet I just got sent

    Looks like at least some of the jobs have been saved, shame to see another retailer go from the high street (even if they WERE over priced) but there may be some savibng grace for those in the stores that are to re-open under the new company.



    YESS finally lol

    Original Poster


    Zavvi ceases trading on High StreetTim Ingham Today, 5:21pmBe first to … Zavvi ceases trading on High StreetTim Ingham Today, 5:21pmBe first to commentOwner begins new venture under Head brand, picking up remaining stock; HMV buys five more storesZavvi will disappear from the UK High Street this week, according to administrators.Ernst & Young has revealed that all remaining Zavvi stores will close on February 20th, with the loss of 446 jobs.However, five stores have been sold to Head Entertainment LLP the new venture from Zavvi owner Simon Douglas with a further three expected to be signed by the end of the week. This would ensure the transfer of 249 jobs in a deal that also includes the sale of all remaining Zavvi stock.Head, a business set up by businessman Les Whitfield and Douglas, is expected to continue to trade the stores using the stock purchased in this deal and from other sources.In addition, another five of Zavvis remaining stores have also been sold to HMV, meaning 111 employees will transfer across to HMV immediately. In total, HMV has purchased 19 stores in the UK and Ireland, securing jobs for 380 employees.However, 18 Zavvi stores including the flagship former Virgin Megastore on Londons Oxford Street will close for good.Tom Jack, joint administrator, said in a statement: "This is a fantastic result for the employees and customers of the stores concerned."I would like to thank all of Zavvi's staff and customers for their commitment and continued support for the business throughout the administration."Whilst it has not been possible to secure a sale of the business as a going concern, we are delighted to have been able to secure continued employment for 629 Zavvi employees."

    had to edit the Original Post, seems like I cant make quotes in it, Doh!!

    You said it yourself OVER PRICED no wonder they went under i voted with my pocket and never shopped there looks like others did as well.

    I'm a bit gutted as i am heading down to london for the weekend on friday and was hoping to possibly snap up a few last minute bargains from oxford street zavvi....oh well

    ohhhhhhhhhhhhhhh lol

    HMV has a monopoly now dont they?
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