Don't miss a story sign up to Exmouth Journal's FREE daily newsletter CLICK HERE

Blockbuster administration - Exmouth store threatened?

16:58 16 January 2013

**********

**********

Archant

Blockbuster goes into administration - a victim of the internet business.

MOVIE rental giant Blockbuster UK has gone into administration, it was announced today (Wednesday).

There is no information as yet on how individual stores – including the one in Exmouth - will be affected.

Partners at Deloitte have been appointed as joint administrators to Blockbuster Entertainment Limited and Blockbuster GB Ltd, which who trade as Blockbuster, the DVD and video games rental company.

The company has 528 stores across the UK employing 4,190 staff.

Lee Manning, joint administrator and partner in Deloitte’s Restructuring Services, said in recent years Blockbuster had faced increased competition from the internet with the shift to digital streaming of movies and games.

“We are working closely with suppliers and employees to ensure the business has the best possible platform to secure a sale, preserve jobs and generate as much value as possible for all creditors,” he said.

“The core of the business is still profitable and we will continue to trade as normal in both retail and rental whilst we seek a buyer for all or parts of the business as a going concern. During this time gift cards and credit acquired through Blockbuster’s trade-in scheme will be honoured towards the purchase of goods.”

0 comments

Other News Stories

Leon Butt.

A drug dealer from Topsham has been jailed for almost 10 years.

Read more

A motorcycle pillion passenger from Exmouth was killed when its rider allegedly overtook a line of traffic and crashed into a Jeep which was turning right across its path, a court has heard.

Read more
12:56
Colaton Raleigh players performance of Red Riding Hood. Ref exe 05-16TI 0395. Picture: Terry Ife

Colaton Raleigh Players production of Red Riding Hood

Read more
19 minutes ago
Claire and Tarot Close

An Exmouth couple, who have run a small business in the town for three years, have claimed an ability to celebrate each other’s achievement is the reason for their success.

Read more
06:30

A major obstacle in the way of the planned redevelopment of Exmouth seafront looks to have been cleared, after East Devon District Council (EDDC) was successful in a lengthy courtroom battle with two of its tenants.

Read more
Devon & Somerset Fire & Rescue Service badge

Devon and Somerset Fire and Rescue Service has served up some safety tips for East Devon residents ahead of Pancake Day tomorrow (Tuesday).

Read more
09:41
Enormous waves crashed along Sidmouth seafront after very windy conditions and high tides. Picture by Alex Walton. Ref shs 4301-06-14AW. To order your copy of this photograph go to www.sidmouthherald.co.uk and click on Photo Orders

Communities warned to take care on exposed seafronts

Read more
Gale force winds are forecast for the festive week ahead.

Winds of up to 80 miles per hour are expected today, as storm ‘Imogen’ batters East Devon, the MET office has warned.

Read more
New classrooms were opened by Bishop of Crediton Revd Dame Sarah Mullally at St Peter's Primary School in Budleigh. Jumping for joy. Ref exb 05-16AW 8061. Picture: Alex Walton

It is hoped a new classroom block named after a much-loved former headteacher will inspire future generations of pupils at the school.

Read more

Local Weather

Partly Cloudy

Partly Cloudy

max temp: 8°C

min temp: 3°C

Most Read News

Great British Life

Great British Life

Useful Links

Advertise in the Paper
Submit a Story
Subscriptions Order
Competitions
Photo Orders
Family notices
iwitness24
Google Plus
Facebook
Twitter
Reader Travel

Family Notices 24

Read Online

Image
Read the Exmouth Journal e-edition E-edition

Local business directory

Exmouth's trusted business finder

HOT JOBS

Show Job Lists


Find planning applications