MCV/DEVELOP News, events, research and jobs from the games industry
According to the BBC , Woolworths and EUK have gone into administration, with an official announcement expected tomorrow morning. The Woolworths board met up this evening to make the decision, with Deloitte to be appointed administrators to both EUK and the High Street chain. Business secretary Peter Mandelson has been …
Read More »ChoicesUK finally finds buyer
The administrator of troubled retail and fulfillment firm ChoicesUK has finally found a buyer – in the shape of multi-channel retailer Findel. Findel has made the purchase on behalf of its sister company Webb Group Ltd. According to administrator PricewaterhouseCoopers, the new business will focus on driving forward ChoicesUK’s wholesale …
Read More »28 ChoicesUK stores shut down by administrator
The administrator of troubled retail and distribution firm ChoicesUK has already closed 28 of the company’s stores – resulting in 240 redundancies. MCV can reveal that 35 of the job losses were made at the firm’s Peterborough head office, following an operational review of the retailer by administrator PricewaterhouseCoopers. Joint …
Read More »Significant interest in ChoicesUK buyout, says administrator
The company handling ChoicesUK’s administration has told MCV that it has already been contacted by a handful of businesses interested in acquiring the retail and distribution firm. PricewaterhouseCoopers was appointed as joint administrator of ChoicesUK last week. A company spokesperson added that a date for a creditors’ meeting was yet …
Read More »ChoicesUK set for administration
Games and DVD rental, sell-through and distribution firm ChoicesUK has reported that it is to go into administration as soon as possible. According to Reuters, the chain stopped trading as of yesterday. Its shares closed at 10.25p – less than four per cent of the value of their all time …
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