The most likely news relates to Zavvi boss Simon Douglas who bought up five of his former outlets for his new retail venture, Head Entertainment.
A buyout from a retail rival is unlikely, with leading video game retailer GAME having previously declared itself out of any possible acquisition race and HMV’s purchase of nine ex-Zavvi stores currently under investigation from the OFT.
After a prolonged period of gradual store closures Zavvi finally ceased trading on February 20th.
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