Zavvi branch shuts doors at Cameron Toll
THE Cameron Toll branch of entertainment retailer zavvi has closed.
Four members of staff have lost their jobs after the branch was among 22 UK stores to be shut yesterday.
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 off all product lines from today.
The store closures mean 178 job losses across the UK.
Tom Jack, joint administrator from Ernst & Young, said: "We intend to continue to trade the remaining zavvi portfolio with a view to selling all or part of the business as a going concern."
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Tuesday 22 May 2012
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