BusinessBusiness RecoveryAdministrators sell 41 MVC stores

Administrators sell 41 MVC stores

Kroll adminstrators sell 41 MVC stores, fate of other 23 still unknown

Kroll joint administrators have completed the sale of 41 stores of DVD and CD
retailer MVC to Music Zone for an undisclosed sum, securing the jobs of 437
staff.

Andrew Pepper, Peter Saville and Gurpal Johal, partners in Kroll’s corporate
advisory and restructuring group and joint administrators to MVC, complete the
handover on Sunday.

‘I and my staff have worked throughout the Christmas and New Year period to
keep the stores open and trading and have achieved encouraging sales,’ said
Pepper.

Administrators are reviewing the options for the remaining 23 MVC stores,
which are continuing to trade.

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