you can bet a lot of suppliers are fuming especially those that are still owed money for stock given on credit. Wonder what will happen to those suppliers that had a contractual agreement, title of deeds, regarding the rights of ownership will Deloitte be selling someone else's property which in effect is theft.

Tesco will come in at the last minute and buy it all up!
Might as well since they are taking over the world!!!!!

Just a drop in the ocean for them...pfffff

They should never had let the big chains like Tesco start selling entertainment it's killing everyone's business.
It has to stop...

i can't actually see tesco buying up the games cds or books as they rarely stock back catalogue items on shelf and the 1.1 million games won't be the newest releases its more than likely going to be bought up by a company like wilkinson which will see all the games bought up on the cheap by gamestation stores nationwide so customers don't get the savings but their stores make the profit as they'll buy it in at the lower high street price and sell it on at their own higher price its something they have done for years and probably did with as much of woolworths stuff that they could when they were going under so if u r a small independent retailer watch closely where the stock goes if they sell it on shelf cheaper than what it costs for you to buy direct from your supplier buy it and sell it on at a bit more yourself hell its what your competitors are going to be doing

Flooding the market with cheap product in order to pay themselves Deloitte are acting as irresponsibly for the trade and the publishers who rely on maintaining value in this industry as the bankers who spunked up billions in a bid to earn fat bonuses. The consumer gets a good deal long after Woolworths has gone under, the publishers are not paid and the trade experience unnecessary price competition. The best thing Deloitte could do is either return the stock or destroy it.

No, it's not irresponsible, it's Deloitte's legal responsibility to maximise the amount of money returned to creditors by selling the stock.

To destroy the stock when they could sell it could potentially be a criminal offence.

I have to say I was a little surprised to have seen this news reported on Tuesday given that some of those former EUK suppliers who have a recognised ROT (Retention Of Title) claim only received a "final" stock list late last week.

Without wishing to go into the all the detail, Deloitte have moved the goalposts massively in regards to what stock is recognised as part of suppliers valid ROT claims and if I didn't know better freed up a substantial amount of good stock for them offer in this sell off parcel at the same time

Given the slack way they have acted one can only hope one of the bigger suppliers to EUK will look to dispute the criteria that Deloitte have used to get to the position we are into today.

Some may suggest that Deliotte have acted unprofessionally and the moves they have made in the last few day are bordering on illegal, not something I would suggest although I can see why some suppliers might think this way.

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