Gary Warren has been appointed managing director of the new Blockbuster UK.
The firm was acquired by 'TS 1973 Investment Holdings' (a subsidiary of investment firm Gordon Brothers Europe) earlier today. 264 stores have been saved with 2,000 members of staff.
Warren (pictured right) is best known for his role as HMV UK and Ireland Commercial Director. He has held numerous roles atHMV, including managing director of content and talent at MAMA Group, head of ecommerce at Waterstones and VP of operations at HMV Canada. He will now lead the retailer's remaining 264 stores and 2,000 staff.
Gordon Brothers Europe says it will 'fully utilise the existing trading platform, powerhouse brand and extensive customer database' at Blockbuster. And state that the new-look rental firm 'will focus on enhancing the customer experience through the use of new product offerings, new technologies and better basic retailing to help Blockbuster become a viable business once again.'
Gordon Brothers also helped ailing fashion chain Republic last month.
We acknowledge the industry is in transition; we know that we have a challenge ahead but there is still a market to be served," said Frank Morton, CEO of Gordon Brothers Europe.
"Blockbuster has a strong brand affinity and we believe that with the right mix of new product offering, new technologies, strategic management and marketing, we can bring new life to this High Street staple. We look forward to working with employees, suppliers, landlords and other stakeholders to make this happen.”