Menu
14/01/2009
'The Day The Music Died' At Zavvi
Up to 60 employees look set to lose their jobs after high street music retailer, Zavvi, announced the closure of four NI outlets.
Belfast (Castlecourt), Londonderry, Newry and Newtownabbey will close with immediate effect (from Wednesday) while a total of 18 stores UK-wide will shut their doors for the final time, creating a total of 353 redundancies.
The outcome is not unexpected as the leading high street chain went into administration on Christmas Eve.
A spokesman for joint administrators, Ernst & Young, revealed despite over 70 offers of interest for the ailing music business, officials have had to reduce costs.
"We will however continue to trade the remaining zavvi stores with a view to selling all or part of the zavvi business as a going concern," he said.
"We remain optimistic that current sale negotiations will prove successful and that a sale can be achieved.
"We are extremely grateful to the staff and management at all stores and the head office for their fantastic support throughout this difficult time," he added.
As the economic crisis continues to have a detrimental impact locally, the Zavvi announcement follows redundancies at Woolworths and Marks and Spencer.
Earlier this week, furniture retailer Land of Leather expressed fears of job losses.
See: M&S To Close Simply Food Store In Newtownards
(BMcC/JM)
Belfast (Castlecourt), Londonderry, Newry and Newtownabbey will close with immediate effect (from Wednesday) while a total of 18 stores UK-wide will shut their doors for the final time, creating a total of 353 redundancies.
The outcome is not unexpected as the leading high street chain went into administration on Christmas Eve.
A spokesman for joint administrators, Ernst & Young, revealed despite over 70 offers of interest for the ailing music business, officials have had to reduce costs.
"We will however continue to trade the remaining zavvi stores with a view to selling all or part of the zavvi business as a going concern," he said.
"We remain optimistic that current sale negotiations will prove successful and that a sale can be achieved.
"We are extremely grateful to the staff and management at all stores and the head office for their fantastic support throughout this difficult time," he added.
As the economic crisis continues to have a detrimental impact locally, the Zavvi announcement follows redundancies at Woolworths and Marks and Spencer.
Earlier this week, furniture retailer Land of Leather expressed fears of job losses.
See: M&S To Close Simply Food Store In Newtownards
(BMcC/JM)
Related Northern Ireland News Stories
Click here for the latest headlines.
15 November 2024
New £4.3m Grant To Boost Business Innovation
Economy Minister Conor Murphy has launched the Business Innovation Grant (BIG), a new £4.3 million initiative designed to stimulate innovation and enhance productivity among Northern Irish businesses. The scheme, developed by Invest Northern Ireland and delivered in partnership with Innovate NI, is open to micro-businesses, sole traders, and SMEs.
New £4.3m Grant To Boost Business Innovation
Economy Minister Conor Murphy has launched the Business Innovation Grant (BIG), a new £4.3 million initiative designed to stimulate innovation and enhance productivity among Northern Irish businesses. The scheme, developed by Invest Northern Ireland and delivered in partnership with Innovate NI, is open to micro-businesses, sole traders, and SMEs.
22 November 2024
Winter's Den: A Festive Wonderland In Belfast City Centre
Belfast city centre is getting ready to spread some festive cheer with the opening of Winter's Den at 2 Royal Avenue. The former Tesco Metro has been transformed into a magical winter wonderland, offering a packed programme of free events and activities for people of all ages.
Winter's Den: A Festive Wonderland In Belfast City Centre
Belfast city centre is getting ready to spread some festive cheer with the opening of Winter's Den at 2 Royal Avenue. The former Tesco Metro has been transformed into a magical winter wonderland, offering a packed programme of free events and activities for people of all ages.
11 October 2024
Belfast Music Continues To Thrive Following UNESCO Designation
Three years after being named a UNESCO City of Music, Belfast's music scene continues to flourish with ongoing support from Belfast City Council.
Belfast Music Continues To Thrive Following UNESCO Designation
Three years after being named a UNESCO City of Music, Belfast's music scene continues to flourish with ongoing support from Belfast City Council.
20 April 2012
Minister Exhausts All Options To Save Athletic Stores Site
After an exhaustive assessment of all issues from every angle, DOE Planning has given planning permission for a retail and residential development of the Athletic Stores site. The Environment Minister Alex Attwood has concluded this is, with regret, the better way to proceed.
Minister Exhausts All Options To Save Athletic Stores Site
After an exhaustive assessment of all issues from every angle, DOE Planning has given planning permission for a retail and residential development of the Athletic Stores site. The Environment Minister Alex Attwood has concluded this is, with regret, the better way to proceed.
19 July 2011
The Outcasts Return From Exile
Legendary Belfast punk band The Outcasts play their first hometown show since 1984 returning for a headline appearance at the Empire Music Hall this July.
The Outcasts Return From Exile
Legendary Belfast punk band The Outcasts play their first hometown show since 1984 returning for a headline appearance at the Empire Music Hall this July.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
