Blockbuster UK finds buyer

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Restructuring and investment firm Gordon Brothers Europe bought Blockbuster UK over the weekend. The multimedia rental and sales chain entered administration in January, a month which also saw Blockbuster's US arm close a further 300 stores. Gordon Brothers Europe acquired the retailer's 264 UK stores, with the BBC reporting 2000 jobs may be saved as a result. How much the sale cost remains undisclosed.

With GAME's troubles of last year, the demises of Blockbuster and HMV left UK high street games retail with worryingly threadbare prospects. The administration process leaves Blockbuster with just over half of the 500 stores it had before, while HMV's high street presence is facing a similar level of cutback. However, both the Telegraph and the Financial Times are reporting restructuring specialist Hilco is close to securing a deal to buy HMV, having taken control of the retail chain's debt.

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Source: http://www.joystiq.com/2013/03/25/blockbuster-uk-finds-buyer/

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"Blockbuster UK finds buyer" :: Login/Create an Account :: 136 comments

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neboPosted:

M60
ZENU96 it sucks how the blockbuster down my street just closed down. I can remember back then which was about 8 years ago how i rented dvd's from them and video games from them.


Luckily Blockbuster where i live is still open


same :) hopefully it never goes out.

TheyPosted:

ZENU96 it sucks how the blockbuster down my street just closed down. I can remember back then which was about 8 years ago how i rented dvd's from them and video games from them.


Two of the ones that I know of closed down years ago and another one closed recently.

CearnsyPosted:

ZENU96 it sucks how the blockbuster down my street just closed down. I can remember back then which was about 8 years ago how i rented dvd's from them and video games from them.


Luckily Blockbuster where i live is still open

neboPosted:

ZENU96 it sucks how the blockbuster down my street just closed down. I can remember back then which was about 8 years ago how i rented dvd's from them and video games from them.


Hopefully mine does not go soon :(

SIKSPosted:

it sucks how the blockbuster down my street just closed down. I can remember back then which was about 8 years ago how i rented dvd's from them and video games from them.

ExoticWolfsPosted:

So this is keeping the other stores from closing? I am a bit confused...