Zavvi Online Forced To Stop Trading, Dragon Could Step In To Save Woolies

via Gizmodo UK


The demise of Woolworths is a sad day for those who see it as a staple part of the old
British high-street, not least for the thousands of people that stand to lose their jobs.

The knock-on effect of its supplier Entertainment UK going into administration has now reached Virgin Megastore metamorphosis Zavvi, who has been forced to stop selling CDs, DVDs and games online.

It also used Entertainment UK and is frantically searching for a new supplier after having to suspend and even cancel existing orders after issuing a formal statement of apology to its customers.

There may be a saviour on the horizon in the form of a rather familiar face to BBC viewers, with Dragon's Den guru Theo Paphitis apparently amongst a series of bidders who are showing 'substantial interest' in the company. Having specialised in turning troubled businesses into successes in the past, with Rymans and La Senza among his list of triumphs, good old Theo would certainly seem like a good choice on paper.

There are around 10 other bidders involved so far and though it does seem unlikely that no one buyer would take control of the entire business, things are starting to look a bit more hopeful.