Cameron Toll branch of Zavvi closed

Published on Thursday 8 January 2009 08:50

THE Cameron Toll branch of entertainments retailer Zavvi has been closed today, the company's administrator said.

Four members of staff have now lost their jobs after the branch was among 22 UK stores to be shut down.

The move leaves the chain, formed following a management buyout of the Virgin Megastore group - with only one remaining branch in Edinburgh - at the Gyle Shopping Centre.

It closed its Princes Street store before the full extent of its troubles were known.

Administrator Ernst & Young also announced that it is to step up its clearance sale at the remaining 92 UK stores with 20-25 per cent of all product lines from tomorrow.

Today's store closures led to 178 job losses across the UK.

Tom Jack, joint administrator from Ernst & Young, said: "Despite record consumer demand since Christmas it is no longer possible to support continued trading across all of the Zavvi stores.

"Unfortunately the current difficulties faced on the UK high street seem to be discouraging retailers from investing in a significant number of new stores.

"However, we intend to continue to trade the remaining zavvi portfolio with a view to selling all or part of the zavvi business as a going concern.

"So far we have received 60 expressions of interest which we continue to actively pursue. We are extremely grateful to the staff and management at all stores and the head office for their fantastic support throughout this difficult time.

"We would also like to thank Job Centre Plus and The Redundancy Payments Office for their support in this matter."