MCV/DEVELOP News, events, research and jobs from the games industry
Today’s closing down sale represents what is probably the last hurrah for the UK’s celebrated Woolworths brand – but top retail figures in the UK games industry have warned that there’s still bad news to come. Take someone like Woolies out of the retail equation and you’re looking at a …
Read More »Nintendo clarifies EUK debt
As Woolworths’ closing down sale gets underway today, leading platform holder Nintendo has spoken exclusively to MCV regarding claims in UK newspaper The Sun about the amount of debt owed to platform holders by the Woolworths-owned EUK. The tabloid yesterday claimed that EUK is expected to go into liquidation within …
Read More »Woolworths to close down within days?
Woolworths could be facing its last few days on UK High Street with reports that administrator Deloitte has failed to find a buyer for the struggling retailer. RetailWeek speculates that the chain’s entire workforce, which totals around 30,000, are facing redundancy. Details of the national closing down sale are expected …
Read More »Theo Paphitis pulls out of Woolworths deal
Theo Paphitis has pulled out of the running to buy parts of High Street chain Woolworths, which is on the brink of collapse, reports The Press Association . Phaphitis, who has become famous due to his role on the Dragons’ Den television show, had hoped to retain the Woolworths brand …
Read More »Woolies to slash ALL prices by up to 50% tomorrow
Woolworths administrator Deloitte has told MCV that the retailer will launch its ‘Biggest Ever Sale’ tomorrow – with discounts of up to 50% on all goods. Deloitte said in a statement: ‘We anticipate increased footfall in the stores and have hired additional staff to cope with increased demand. Additional goods …
Read More »Entain8 brings expansion plans forward to ‘rescue industry’
Entain8, a UK based sales and distribution company included in the Alten8 Media Group, has announced it will be bringing its previous expansion plans forward after the loss of EUK has left several retailers without an avenue of distribution. The company’s CEO Kay Parbat said: In the light of sad …
Read More »Zavvi buys direct as it cancels orders
Zavvi is the latest retailer to set up a direct buying relationship with entertainment suppliers – following EUK’s decline into administration last week. EUK previously bought and supplied products for Asda, Zavvi, Sainsbury’s, WH Smith, Morrisons and Woolworths. However, since parent company Woolworths pulled it into administration last week, relationships …
Read More »Theo Paphitis in for Woolies?
Dragon’s Den star Theo Paphitis is reportedly among a number of potential buyers ready to buy chunks of Woolworths. Several meetings have taken place between interested parties and Woolworths’ administrators, Deloitte, since the retailer went into administration last week. Pahpitis is thought to be interested in a number of Woolworths’ …
Read More »Asda makes move to buy direct
Asda has confirmed to MCV that it has started buying stock directly from entertainment suppliers – to avoid a Christmas stock crisis in the wake of EUK’s demise. MCV understands that the firm still had six months left on a contract with EUK when the firm fell into administraion yesterday. …
Read More »EUK heading into administration
According to the BBC , Woolworths and EUK have gone into administration, with an official announcement expected tomorrow morning. The Woolworths board met up this evening to make the decision, with Deloitte to be appointed administrators to both EUK and the High Street chain. Business secretary Peter Mandelson has been …
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