Zavvi finally wound-up

Defunct entertainment retailer Zavvi will be finally wound-up by the end of this week after a company led by former chief executive Simon Douglas signed a deal to buy all remaining stock and eight stores.

The company, called Head, will continue to trade the stores, which include outlets at Bluewater shopping centre in Kent, the Liverpool One centre and the Arndale centre in Manchester, using the Zavvi stock and “other sources going forward” according to administrators

High street entertainment retailer HMV has also bought a further four Zavvi stores, taking its total to 19 after its earlier haul in January. The stock sale means the remaining 18 stores and 446 employees will now be closed.

The chain went into administration on Christmas Eve, after a month of difficult trading after its main supplier Entertainment UK followed sister company Woolworth’s into administration in November.

It had recently appointed The7Stars to handle its media planning and buying.

The Zavvi group was the UK’s largest independent entertainment retailer selling DVDs, CDs and games. It was formed after a management buy-out of the Virgin Group’s Virgin Megastore division in September 2007.

Latest from Marketing Week

NOT REGISTERED? IT'S FREE, QUICK AND EASY!

Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now

THE BEST CONTENT

Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.

THE BIGGEST ISSUES

From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.

PERSONAL AND PROFESSIONAL DEVELOPMENT

Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3703 or email customerservices@marketingweek.com

If you are looking for our Jobs site, please click here