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<h1><span>zavvi</span></h1>
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<h3>Notice to customers (UK &amp; Republic of Ireland) 18.02.2009</h3>
Sale of business brings total zavvi jobs saved to 629 (18.02.09)<br />
<br />
zavvi UK<br />
zavvi Retail Limited<br />
zavvi Group Limited<br />
V R Services Limited<br />
Piccadilly Entertainment Stores Limited<br />
Ablegrand Limited<br />
Ablegrand 2 Limited<br />
zavvi Entertainment Group Limited<br />
<br />
zavvi Ireland<br />
Zavvi Retail (Ireland) Limited<br />
<br />
The Joint Administrators from Ernst &amp; Young are pleased to announce that a further 360 zavvi jobs are expected to be saved following sale agreements reached with HMV Music Limited and Head Entertainment LLP, with effect from 10pm on 17 February 2009.<br />
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Another five stores have been sold to HMV, meaning 111 employees will transfer across to HMV immediately and over the course of the next two weeks these zavvi stores will be rebranded as HMV. In total, HMV has purchased 19 stores in the UK and Ireland securing jobs for 380 employees.<br />
<br />
Five stores (160 employees) have also been sold to Head Entertainment LLP (Head), with a further three stores (89 employees) expected to complete by 20 February 2009. This would ensure the transfer in total of another 249 jobs in a deal that also includes the sale of all remaining zavvi Limited stock. Head, a business led by Les Whitfield and former zavvi Chief Executive Simon Douglas, is expected to continue to trade the stores using the stock purchased in this deal and from other sources going forward.<br />
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The sale of all remaining stock means that zavvi trading will now cease, resulting in the closure of the remaining zavvi stores by 20 February 2009 and the loss of 446 jobs.<br />
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The Joint Administrators would like to thank all of zavvis staff and customers for their commitment and continued support for the business throughout the Administration. Whilst it has not been possible to secure a sale of the business as a going concern, we are delighted to have been able to secure continued employment for 629 zavvi employees. <br />
<p>&nbsp;</p>
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