Administrators from Ernst & Young have sold 14 zavvi stores to HMV,
securing the future of 269 jobs.
The handover, which will see the stores rebranded as HMV, took place last
Although administrators still have 68 stores to sell, joint administrator Tom
Jack was ‘optimistic’ about the future of the stores.
‘We are continuing detailed discussions with a number of interested parties
and are optimistic this could lead to the sale of further stores and retention
of staff at a number of locations throughout the UK and Republic of Ireland,’
DLA Piper advised Ernst & Young on the sale.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies