Blockbuster goes into administration
Film-rental chain Blockbuster has gone into administration putting 528 stores and 4,190 staff at risk.
Blockbuster has two branches in Plymouth - one in Mutley Plain and Union Street.
-
Accountants Deloitte will take over the company and continue to operate shops while they try to find a buyer.
The collapse of Blockbuster, hammered by online rental companies such as LoveFilm and Netflix, follows the failure of HMV and Jessops in recent days.
no call out fee and no fee to price a job its free,
Contact: 01752 781832
Valid until: Sunday, June 02 2013
Deloitte spokesman Lee Manning said: "We are working closely with suppliers and employees to ensure the business has the best possible platform to secure a sale, preserve jobs and generate as much value as possible for all creditors.
"The core of the business is still profitable and we will continue to trade as normal in both retail and rental whilst we seek a buyer for all or parts of the business as a going concern.
"During this time gift cards and credit acquired through Blockbuster's trade-in scheme will be honoured towards the purchase of goods."
Comments
by plymuffmuff
Wednesday, January 16 2013, 9:22PM
“At least blockbuster have the decency to let people redeem gift vouchers which somebody has already paid for.”
by wibblyweeble
Wednesday, January 16 2013, 8:18PM
“Perhaps now is the time to buy shares in Deloitte or Price Waterhouse Coopers? They would appear to be some of the few businesses making money right now.”
by MissAnthrope
Wednesday, January 16 2013, 7:59PM
“You are so right Tim. Sadly, I suspect the fish market is doomed.”
by stevestrange
Wednesday, January 16 2013, 7:14PM
“Asyouwould...ive found them nothing but friendly in Mutley,maybe your the one with the attitude.
It'll just be restaurants and charity shops in the next few uears on our streets.”
by timplymouth
Wednesday, January 16 2013, 6:49PM
“Probably a few book shops, catdaddy. Any shop that sells something that fits through your letterbox is doomed.”
by catdaddy1214
Wednesday, January 16 2013, 6:21PM
“Wonder who is next?”
by Alec_Splode
Wednesday, January 16 2013, 5:44PM
“Asyouwouldbedoneby
Are you saying you're responsible for them going bust?”
by Asyouwouldbedoneby
Wednesday, January 16 2013, 4:54PM
“A member of staff rang me with attitude to advise a film I rented was not returned. On checking she realised she had made an error and was returned on time. No apology.
Have not been back since.”
by timplymouth
Wednesday, January 16 2013, 4:42PM
“Oops, not sure how that ended up here. Too many windows open I guess”