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15 more Zavvi stores axed

The joint Administrators of Zavvi UK have today announced the immediate closure of a further 15 stores.

The closures will lead to the redundancy of 295 employees, bringing the total number of jobs lost since the firm went into administration to 889.

Administrator Ernst & Young closed 18 stores on January 14th, when it made 353 employees redundant.

It will continue to trade the remaining 48 stores throughout the UK.

Tom Jack, Joint Administrator, said:

“We continue to trade 48 stores in the UK, however in doing so we have to manage the cost base of the company with a view to maximising returns to creditors. This includes a constant re-evaluation of our property portfolio in line with trading performance. Consequently, with reducing stock levels we have had to manage our cost base accordingly and close a further 15 stores.

"At this time we are continuing to look to further progress interest from a number of interested parties and consequently do not have a formal closure plan for the entire store network.

"We are extremely grateful to the staff and management at all stores and the head office for their fantastic support throughout this difficult time.

"We would like to thank Job Centre Plus and The Redundancy Payments Office for their continued support in this matter.”

The full list of stores closed are:

Birmingham Units MSU2 & U17, Pavilion Central, 27-38 High Street, Birmingham, B4 7SL

Bromley Units 200 & 1A, The Glades, BROMLEY, Kent, BR1 1DN

Canterbury 15a The Whitefriars Centre, 4 Gravel Walk, CANTERBURY, Kent, CT1 2TF

Colchester, 27-30 The Culver Precinct, COLCHESTER, Essex, CO1 1WF

East Kilbride, 8-10 Princes Square., East Kilbride Shopping Centre, EAST KILBRIDE, G74 1LS

Exeter, SU 20/21, Princesshay Shopping Centre, 10 & 11 Princesshay, EXETER, EX1 1GE

Ipswich 15-19 Westgate Street, IPSWICH, Suffolk, IP1 3DR

Kensington, 62-70 Kensington High Street, LONDON, W8 4PE

Kings Road G15, Kings Walk Shopping Mall, Kings Road, Chelsea, LONDON, SW3 4TR

Merryhill Unit L, 100 Merry Hill Centre, DUDLEY, West Midlands, DY5 1SY

Newcastle Monument Mall, 15-21 Northumberland Street, NEWCASTLE, Tyne And Wear, NE1 7AE

Norwich Unit LS1, Castle Mall, White Lion Gate, NORWICH, Norfolk, NR1 3DD

Oxford Unit B, 13-20 Cornmarket Street, OXFORD, Oxfordshire, OX1 3EY

Stirling, LSU, 1 Marches Mall, Thistle Marches, STIRLING, FK8 2EA

Taunton 27 Fore Street, TAUNTON, Somerset, TA1 1JQ

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Tags: zavvi , ernst & young , ernst and young

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