Close

Wonderwall

Buyer found for UK Blockbuster stores

The Associated Press, Saturday, March 23, 2013, 8:56am (PDT)

LONDON (AP) — The DVD and games rental store Blockbuster has been sold to restructuring specialists Gordon Brothers Europe after filing for a form of U.K. bankruptcy earlier this year.

The company had gone into administration — a form of bankruptcy in Britain — in January.

Blockbuster U.K. at the time had 528 stores. Hundreds of shops were shut in the weeks after its financial collapse.

Administrators for the company from accounting firm Deloitte said Saturday that Gordon Brothers Europe had purchased Blockbuster for an undisclosed sum, saving 2,000 jobs and 264 U.K. stores.

Blockbuster in Britain is a subsidiary of U.S.-based Blockbuster LLC, which itself was reorganized under American bankruptcy laws and then acquired in 2011 by Dish Network Corp. of Colorado.

Show Comments
When using Facebook Connect your image and name may display on Wonderwall. All Privacy Settings are controlled by Facebook
Like us on Facebook?
We are updating our Terms of Use. Learn More
aa