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Zavvi music store goes into adminstration









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Zavvi music store goes into adminstration






More than 3,000 jobs at high street music retailer Zavvi were at risk today after the company was placed into administration.


Zavvi, the former Virgin Megastore chain, called in Ernst & Young after it was crippled by the collapse of Woolworths’ Entertainment UK wholesaling division.


Tom Jack, joint administrator, said: “In the absence of a buyer for EUK, and with dire trading conditions on the high street, the Zavvi group has seen a material fall in sales and the directors have now been forced to place parts of the group into administration.”


Ernst & Young has been appointed as administrator of Zavvi UK and liquidator of Zavvi Guernsey, although Zavvi Ireland is not subject to any formal insolvency proceedings.









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