The economic recession has claimed another major scalp in Britain, with the music retail chain Zavvi going into administration, leaving thousands of jobs at risk.
The company has been forced into the move after being crippled by the collapse of Woolworths, which forced it to stop taking orders via its website.
Woolworths was the main supplier to Zaavi, which was formed after a management buy-out of Virgin Megastores.
Zavvi Ireland is not believed to be subject to any formal insolvency proceedings.
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Friday, 9 January 2009
Posted by Debtsgone LTD at Friday, January 09, 2009
Labels: British music retailer Zavvi goes into administration
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