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EUK: Zavvi clarifies its position

Following news reports earlier today that EUK administrator Deloitte has called in Zavvi's debt to the distributor, the UK entertainment retailer has clarified its position to MCV.

Zavvi has refuted claims that it will be forced into administration by Deloitte, whilst also offering its condolensces to those who lost jobs at EUK.

A spokesperson told MCV: "Our course we had a situation where EUK – our main supplier – went under. Because of this we wanted to talk to experts in administration in order to better understand the EUK situation.

"So we called in Ernst & Young in an advisory capacity. They were not, as The Times reported, called in by anyone to take us into administration.

"We are now dealing direct with all companies in the games industry, so the only real issue for us was the need to close our website. However, we are looking at what to do about that – and our sales team is looking at a host of options in order to get our website back online.

"We had a fantastic working relationship with EUK and our thoughts go out to all those who have lost their jobs.

"All our stores are still operating as usual, and if you want a great deal, backed up with customer service, then head down to Zavvi."

Responding to the reports that the chain owes some £106m, the Zavvi spokesman offered: "We are in talks with EUK and the administrators. They are our suppliers and we are the customer, so talks are on-going, as usual."

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Tags: zavvi , euk

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