BusinessBusiness RecoveryPicture fades at DVD distributor

Picture fades at DVD distributor

PwC administrators called in at AIM-listed company

PricewaterhouseCoopers
administrators Nick Cropper, Colin Haig, Mike Jervis and Stephen Oldfield have
been called to run DVD, computer games and CD distributor
ChoicesUK.

The four were called after the
AIM-listed
Peterborough-based company was placed in administration yestereday (22 August).

ChoicesUK employs over 600 full-time and 1,100 part-time staff across its
distribution businesses and within its 162 stores throughout the UK.

Nick Cropper said: ‘ChoicesUK, like much of the UK packaged entertainment
sector, has suffered from price deflation in the market, driven by reduced
consumer rental activity, piracy and technological advances.

He said the priority was to continue to trade the businesses and try and save
the business.

Further reading:

PwC saves 3,200 jobs at clothing chain

PwC saves 1,500 jobs at greeting card company

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