Blockbuster in administration
DVD rental chain Blockbuster Entertainment is to fall into administration again after suffering from poor trading, its private equity owner Gordon Brothers Europe said.
Blockbuster in administration for second time in 2013
Blockbuster plunged into administration in January, before being bought by Gordon Brothers in March.
At the time of its initial collapse the group had 528 stores in the UK employing 4,190 staff.
Gordon Brothers said its turnaround attempts for the historically loss-making company coincided with a patch of poor trading across rental and retail sales.
It said stores will continue trading but some may need to close if a buyer cannot be found.
More top news
-
Joe Biden vows to fight racial inequality with economic agenda
The Democratic presidential candidate may also have shown his cards on his choice of running mate.
-
Trump reverts to promoting unproven drug as coronavirus treatment
The US president also shared a post on Twitter accusing Dr Anthony Fauci of misleading the public over hydroxychloroquine.
-
What the papers say – July 29
Fears over an impending second wave of coronavirus dominates Wednesday’s front pages.