Pop culture retailer Zavvi collapses into administration again
Summarised from 2 outlets · Updated 15 Oct, 06:03 · Archive
Online pop culture retailer Zavvi has collapsed into administration for the second time, with 70 jobs at risk.
Zavvi, an online retailer of officially licensed pop culture merchandise, has collapsed into administration for the second time. Chris Skey and Kerry Bailey of BDO LLP were appointed as joint administrators this week. The company sold clothing, collectables and other merchandise for major brands including Marvel Comics, DC Comics and Star Wars.
Almost all 70 staff members are set for immediate redundancy, though a small number will remain in the short term to wind down warehouse operations. Joint administrator Chris Skey said: 'Despite the best efforts of the management team it was not possible to find a buyer for the business as a going concern.' Support is available for staff who do not receive statutory redundancy payments through the Redundancy Payments Service.
Zavvi operated from Avengers Towers on an industrial estate in Cheshire for around three years following a management buyout from Manchester Airport-based The Hut Group. The company was originally a bricks-and-mortar business from 2007 to 2009 before collapsing into administration and moving online. Zavvi's website now cannot process orders, pre-orders or returns. Customers who have already paid are advised to contact their bank or payment provider to seek chargebacks or make claims under Section 75 of the Consumer Credit Act.
How it is being reported
- 70 jobs lost due to demise of online pop culture retailer after three years in townZavviGroup Ltd, or Zavvi, announced Chris Skey and Kerry Bailey of BDO LLP were appointed as the joint administrators this week.Chester Standard · 15 Oct, 05:00
- 70 jobs lost due to demise of online pop culture retailer after three years in townZavviGroup Ltd, or Zavvi, announced Chris Skey and Kerry Bailey of BDO LLP were appointed as the joint administrators this week.Northwich Guardian · 14 Oct, 13:00
In this story: Zavvi · BDO LLP · The Hut Group · Chris Skey · Kerry Bailey · Cheshire
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