Two-thirds of Music Zone stores sold by Deloitte
Stores go to competitor Fopp
The cost of the sale was not disclosed.
Music Zone went into administration in early January after struggling against
competition from the internet and supermarkets.
On 25 January, Deloitte said a buyer hadn’t been found and the company would
close its shops and lay off its 800 staff.
‘This represents a much better outcome for creditors and other stakeholders
than a piece-meal disposal,’ said
Dawson, a partner at Deloitte.