You will be redirected back to your article in seconds

U.K. retailer Zavvi runs into trouble

Entertainment store chain close to collapse

Zavvi, one of the U.K.’s leading CD, DVD and vidgame retailers, is on the brink of bankruptcy.

The chain, formerly known as Virgin Megastore, has gone into administration, the local equivalent to Chapter 11.

The store was hit hard by last month’s collapse of retail group Woolworths, which also owns Entertainment U.K., the country’s leading supplier of entertainment product. Deprived of the supply of stock from Entertainment U.K., Zavvi was forced to pay cash to other suppliers, which led to its own demise.

Virgin Megastore, which was founded by Richard Branson in 1971, was sold to its management last year and renamed. It is now likely to be swallowed by its larger rival HMV.

Woolworths, itself one the U.K.’s leading sellers of CDs, DVDs and vidgames, closed 200 stores Saturday. The chain’s other 600 stores will close by Jan. 5.

More Scene

  • NMHC Impact Awards

    Aubrey Plaza, NHMC President Call Out Under-Representation of Latinos at Impact Awards

    Zavvi, one of the U.K.’s leading CD, DVD and vidgame retailers, is on the brink of bankruptcy. The chain, formerly known as Virgin Megastore, has gone into administration, the local equivalent to Chapter 11. The store was hit hard by last month’s collapse of retail group Woolworths, which also owns Entertainment U.K., the country’s leading […]

  • 'Seven Seconds' TV show premiere

    Regina King Talks Heaviness of Role in 'Seven Seconds'

    Zavvi, one of the U.K.’s leading CD, DVD and vidgame retailers, is on the brink of bankruptcy. The chain, formerly known as Virgin Megastore, has gone into administration, the local equivalent to Chapter 11. The store was hit hard by last month’s collapse of retail group Woolworths, which also owns Entertainment U.K., the country’s leading […]

  • UnReal Athena Film Festival

    How Trump Beating Clinton Impacted the Gender Politics of 'UnReal' Season 3

    Zavvi, one of the U.K.’s leading CD, DVD and vidgame retailers, is on the brink of bankruptcy. The chain, formerly known as Virgin Megastore, has gone into administration, the local equivalent to Chapter 11. The store was hit hard by last month’s collapse of retail group Woolworths, which also owns Entertainment U.K., the country’s leading […]

  • 'Unsolved: The Murders of Tupac and

    'Unsolved' Stars Point Out Racial Injustice in Biggie and Tupac Murder Cases

    Zavvi, one of the U.K.’s leading CD, DVD and vidgame retailers, is on the brink of bankruptcy. The chain, formerly known as Virgin Megastore, has gone into administration, the local equivalent to Chapter 11. The store was hit hard by last month’s collapse of retail group Woolworths, which also owns Entertainment U.K., the country’s leading […]

  • Taura Stinson, Common, and Diane WarrenVariety

    Common, Pasek and Paul, Diane Warren Reveal Inspiration Behind Oscar-Nominated Songs

    Zavvi, one of the U.K.’s leading CD, DVD and vidgame retailers, is on the brink of bankruptcy. The chain, formerly known as Virgin Megastore, has gone into administration, the local equivalent to Chapter 11. The store was hit hard by last month’s collapse of retail group Woolworths, which also owns Entertainment U.K., the country’s leading […]

  • 'Game Night' film premiere

    'Game Night': Director, Writer Talk 'Straddling Genres' and the Influence of 'Get Out'

    Zavvi, one of the U.K.’s leading CD, DVD and vidgame retailers, is on the brink of bankruptcy. The chain, formerly known as Virgin Megastore, has gone into administration, the local equivalent to Chapter 11. The store was hit hard by last month’s collapse of retail group Woolworths, which also owns Entertainment U.K., the country’s leading […]

  • Esquire 'Mavericks of Hollywood' party

    Terry Crews on His Sexual Assault Lawsuit: 'If I Don’t Get Justice, Nobody Can'

    Zavvi, one of the U.K.’s leading CD, DVD and vidgame retailers, is on the brink of bankruptcy. The chain, formerly known as Virgin Megastore, has gone into administration, the local equivalent to Chapter 11. The store was hit hard by last month’s collapse of retail group Woolworths, which also owns Entertainment U.K., the country’s leading […]

More From Our Brands

Access exclusive content