The retailer ceases trading and will disappear from high street
The few remaining Zavvi stores are to either be sold or shut down, it has been announced.
As a result, the high street music, DVD and games retailer will cease trading completely.
The company ran into trouble after its main distributor Entertainment UK went into administration in November. On Christmas Eve, Zavvi itself went into administration, and since then it has announced the closure of a number of stores.
There are 18 Zavvi stores that will now close by February 20, with job losses of 446, reports BBC.
Ten other Zavvi shops have now been sold, with the remaining three still looking for buyers.
Administrators Ernst And Young confirmed yesterday (February 18) that the retailer had sold five of its stores to one-time Zavvi rival HMV, while another five have been snapped up by new company Head Entertainment.
Head Entertainment has been formed as a result of the Zavvi fallout, and is part-led by former Zavvi chief executive Simon Douglas. The company has also acquired all of Zavvi‘s remaining stock.
At its peak, Zavvi employed 2,300 staff across 125 stores in the UK and Irish Republic. The retailer was formed after Virgin Megastores was bought out of Richard Branson‘s Virgin Group in 2007.
The following Zavvi stores have been sold to Head Entertainment:
HMV has bought the following Zavvi stores:
Glasgow Buchanan Street
Zavvi stores at Bristol Cribbs Causeway, Bristol Broadmead and Cardiff are still looking for buyers.
The following Zavvi stores will close permanently, with job losses in brackets:
Belfast Victoria Square (21)
Bristol Cabot Circus (30)
Manchester Trafford Centre (24)
Milton Keynes (35)
London Oxford Street (140)