This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Business News Retail Top Stories
More Zavvi stores close
By CMU Editorial | Published on Wednesday 14 January 2009
Ernst & Young have just announced that another 18 Zavvi shops are to close. That will leave 74 operating. This new closures are in addition to the 22 announced last week.
The shops to go in the latest cuts are in Basingstoke, Belfast (Castlecourt), Cambridge, the Cheshire Oaks outlet village in Ellesmere Port, Crawley, Londonderry, Edinburgh (Gyle), Gateshead, Glasgow (Argyle St), Grimsby, Hull, London (Piccadilly Circus) Newry, Newtonabbey, Romford, Stevenage, Watford, and Woking.
Probably the most significant closure is the branch on Piccadilly Circus. Although this was never the main Virgin Megastore in the capital, the site is pretty historic, it having being the London home of Tower Records for many years.
A statement from administrators E&Y reads thus: “The Joint Administrators continue to work closely with the Insolvency Service’s Redundancy Payment Office and Job Centre Plus to provide support and advice to all employees made redundant, including a fast track process for paying redundancy entitlements”.
