Blockbuster to Close all Stores
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U.K. chain's 91 remaining stores will close by Dec. 16

LONDON — Movie rental chain Blockbuster is to shutter its U.K. operations after it failed to attract a buyer.

Private equity firm Gordon Brothers Europe, which bought Blockbuster in March, put it into administration — the U.K. equivalent to Chapter 11 — on Nov. 11. It had 264 stores, and employed 2,000 staff at that time.

The firm Moorfields Corporate Recovery was given the task of finding a new buyer, but has failed.

Now the 91 stores thatĀ remainĀ — which have 808 employees — will close by Dec. 16.

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