Ex-Virgin-megastores; they were a management buy-out close to the top of the market. They're fundamentally in the same market as HMV, but smaller and without any equivalent to Waterstones to help them float, and I suspect their financial position is even weaker. Also, ISTR that they were tied up quite closely with Entertainment UK - so if the administration of Woolies goes less than perfectly, that could be a cause of trouble for them, too....
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Date: 2008-11-29 11:37 am (UTC)