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A Zavvi store in Newcastle upon Tyne.. In September 2007, it was announced that the UK arm of the Virgin Megastores brand was to break away from the Virgin Group. [4] A management buyout offer was led by managing director, Simon Douglas, and finance director, Steve Peckham, reportedly for just £1.
With the change of ownership the Virgin Megastores disappeared and were replaced with a new name 'Zavvi'. All 125 stores remained trading and the change was fully implemented by late November 2007. In January 2008 the online system was also rebranded to "zavvi.co.uk" and Virgin Megastores Ireland changed to 'Zavvi Ireland'.
The Virgin Group sought to sell its UK and Ireland stores during 2007, and on 17 September 2007, it was announced that the UK and Ireland arm of the Virgin Megastores brand was to break away from the Virgin Group. A management buy-out offer was accepted. [50] Stores were rebranded as Zavvi.
Zavvi: 24/12/2008 Ernst & Young [9] 22 178 BBC News [10] The Business Desk [11] Whittard of Chelsea: 23/12/2008 Ernst & Young: ITN [12] Sold to private equity company Epic The Officers Club: 23/12/2008 PricewaterhouseCoopers: BBC News [13] 118 of the chain's 150 stores were sold, others closed The Pier: 04/12/2008 Mazars: BBC News [14] MFI ...
Head Entertainment LLP was a British entertainment retail chain founded in February 2009. It was established after the entertainment retailer Zavvi went into administration in December 2008, with some of its founders being former Zavvi directors who aimed to save a number of Zavvi stores and jobs.
THG plc, formerly The Hut Group, is a British e-commerce retail company headquartered in Manchester, England.It sells own-brand and third-party cosmetics and dietary supplements online, and provides an end-to-end e-commerce service to third parties through its Ingenuity division. [5]
On 24 December 2008, HMV's rival Zavvi, successor to entertainment retailer Virgin Megastores, entered administration. On 14 January 2009 a placing announcement by HMV revealed that it intended to acquire 14 of Zavvi's shops. [33] On 18 February 2009 five additional Zavvi shops were purchased by HMV Group, to be rebranded as HMV outlets.
In April 2010, Swedish hardware store Clas Ohlson opened its sixth UK store in Clayton Square occupying the former premises of Zavvi. [1] All businesses located in Clayton Square Shopping Centre are members of Retail and Leisure Liverpool BID. [2]
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