Blockbuster UK finds buyer

4.7
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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Related Forum: PC General Forum

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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Soldier_Posted:

640 thank god for that :D go to blockbuster nearly every weekend :D


o_O You do? I stopped doing that like 10 years ago. No joke lmao.

WokzePosted:

thank god for that :D go to blockbuster nearly every weekend :D

CearnsyPosted:

Relations I have never even heard of Blockbuster, Oh well. It could save some other companies so it's good news..


You have never heard of Blockbuster :o

KardashianPosted:

I have never even heard of Blockbuster, Oh well. It could save some other companies so it's good news..

willywhacker21Posted:

I wish blockbuster was as big as it used to be. It was so convenient to rent games from there

OasisPosted:

Mentioning GAME, they recovered well after they merged the sister retailer Gamestation with GAME, saving money and in turn jobs.

Maybe a HMV/Blockbuster merge would be cool. It's happened a lot over the years to others like Curry's / PC World.

DLTPosted:

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


They may still close some so they can cut their overheads.

EvoVIIIPosted:

Why Did Blockbuster Even Go Out Of Buisness Even Though I Never Went There

MitzzPosted:

i dont even know where my nearest block buster is tbh

CygnetPosted:

Drumstep
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.


Ours went out a little while ago, it kinda sucks...I used to go there all the time :(


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