MCV/DEVELOP News, events, research and jobs from the games industry
The GAME Group has told MCV that it has no plans” to buy any Zavvi stores – as time ticks away on the entertainment firm’s remaining life on the High Street. As revealed by MCV last week, only 31 Zavvi stores remain across the country – with over 1,000 employees …
Read More »Zavvi redundancies top 1,000
The administrator of Zavvi today announced the immediate closure of a further 17 UK stores, with 242 employees made redundant. MCV understands that brings the total number of people laid off since the firm went into administration to 1,137. Administrator Ernst & Young said it ‘continues to work closely with …
Read More »15 more Zavvi stores axed
The joint Administrators of Zavvi UK have today announced the immediate closure of a further 15 stores. The closures will lead to the redundancy of 295 employees, bringing the total number of jobs lost since the firm went into administration to 889. Administrator Ernst & Young closed 18 stores on …
Read More »HMV keen on more Zavvi stores
HMV is in negotiations to purchase more Zavvi stores from administrator Ernst & Young. HMV Group CEO Simon Fox has revealed that the company is in talks to purchase less than a handful” more Zavvi outlets. The entertainment retailer bought 14 Zavvi outlets last week – which cost it 700,000 …
Read More »HMV saves 269 jobs at Zavvi
HMV’s buyout of 14 Zavvi stores has saved 269 jobs at the beleaguered entertainment chain, it has emerged. Zavvi administrator Ernst & Young has revealed the locations of the stores – after MCV broke the news yesterday. The nine stores HMV has bought in the UK include one in Crewe, …
Read More »HMV snaps up 14 Zavvi stores
HMV has acquired 14 Zavvi stores from its rival’s administrators, Ernst & Young. HMV expects the cost of its acquisition to be around 2m, including a purchase price of 700,000 plus the refit and rebranding of the outlets. The locations of the stores are currently unclear, but they are in …
Read More »18 more Zavvi stores axed
The Joint Administrators of Zavvi UK Ernst & Young has today announced the immediate closure of a further 18 stores. 353 employees have been laid off as a result, bringing the total number of people who have lost their jobs since the firm went into administration to 594. Ernst & …
Read More »‘50% off’ sale begins at Zavvi this Friday
Zavvi will cut prices of all items in store by up to 50 per cent from Friday, January 9th. According to the firm’s administrator Ernst & young, the further reductions will come off prices that have already been discounted. Unlike Woolworths’ end-of-life sale, which left many shoppers annoyed at the …
Read More »22 Zavvi stores shut down
Zavvi administrator Ernst & Young has closed 22 of the retailer’s UK stores – leading to the redundancy of 178 employees. That brings the total of Zavvi employees now without a job to 241, after 69 staff lost their jobs at the retailer’s London HQ last week. The Joint Administrators …
Read More »Virgin to return to UK High Street?
Sir Richard Branson’s Virgin Group is to inherit stores from troubled retailer Zavvi – suggesting Virgin Megastores could return to the High Street 16 months after it left UK retail. Zavvi administrator Ernst & Young has told MCV that Branson still holds the leases on seven Zavvi outlets. Zavvi was …
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