Administrators from RSM Robson Rhodes were called in at the end of last week and warned that unless a buyer for the business was found soon, cuts and closures were inevitable.
According to reports, 23 remaining branches of the East Anglia business face the threat of closure, with 160 jobs at risk, while the administrators are said to be operating 14 stores as a going concern.
The business was set up by Andy Gray, a former amateur cricketer, in Bury St Edmonds in 1969 and became famous as specialist stockists of ancient vinyl.
This can now be easily tracked down over the internet.
The company’s website is no longer working.
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