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Zavvi RIP

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Comments

  • Rick62
    Rick62 Posts: 989 Forumite
    djm1972 wrote: »
    I wonder how much this is to do with their Woolworths relationship (as Zavvi's main supplier); although I thought that Entertainment UK was still trading - website certainly looks like it's business as usual.

    Yes, Zavvi was being supplied by Entertainment UK, which is still trading but is now controlled by the Woolies administators. While the previous Entertainment UK management were happy (sort of) to keep supplying Zavvi in the hope of all trading through Zavvi owed them over £100 million apparently.

    The Admistrators were not happy to extend more credit (and could have been personally liable had they done so) thus no more supplies to Zavvi, leading to their collapse today.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    What about the gift vouchers? Should I go out now and spend them today?
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • robin_banks
    robin_banks Posts: 15,778 Forumite
    Part of the Furniture Combo Breaker
    Thee last time I went into a zavvi was about 3 months (brunswick centre nr russell square) everything and I mean everything was overpriced and no !!!!!! was in there, partly becuase there wasn't a great range of stuff in there.

    This really has come as no surprise, and I feel sorry for the staff.
    "An arrogant and self-righteous Guardian reading tvv@t".

    !!!!!! is all that about?
  • lrr_2
    lrr_2 Posts: 945 Forumite
    HappyMJ wrote: »
    What about the gift vouchers? Should I go out now and spend them today?

    I would!

    Liked the bargains on their dvd's instore i.e 5 for £30 but their website was rubbish for searching on!
  • obsessed_saver
    obsessed_saver Posts: 511 Forumite
    Part of the Furniture
    Wow. It's one company a day! Yesterday it was Whittard, today it's Zavvi. Last week it was Woolworths!

    This is madness! *insert "This is Sparta" animated gif*
  • Cannon_Fodder
    Cannon_Fodder Posts: 3,980 Forumite
    Some of the box sets, usually £150, down to around £50 nearly got my attention, if there's a closing down event, I'll have to take a look...
  • newlywed
    newlywed Posts: 8,255 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    HappyMJ wrote: »
    What about the gift vouchers? Should I go out now and spend them today?

    BBC News: All of Zavvi's stores should be open as normal on Boxing day, for its traditional post-Christmas sale.
    working on clearing the clutterDo I want the stuff or the space?
  • robin_banks
    robin_banks Posts: 15,778 Forumite
    Part of the Furniture Combo Breaker
    It will still be trading whilst in administration , though there may not be a great deal of stock left.
    "An arrogant and self-righteous Guardian reading tvv@t".

    !!!!!! is all that about?
  • Airwolf1
    Airwolf1 Posts: 1,266 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    And there'll be more to close unfortunately. I wonder how many more though? Less than 5 major retailers?
    My suggestion and/or advice is my own and it is up to you if you follow it, please check the advice given before acting on it.
  • lrr_2
    lrr_2 Posts: 945 Forumite
    Soon be buy one company, get one free!

    :rotfl: :rotfl: :rotfl: :rotfl: :rotfl:

    Sorry, shouldnt laugh as people losing their jobs as well but this is just the start of many!
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