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Blockbuster UK finds buyer

Sinan Kubba — Mon, 25 Mar 2013 13:00:00 EST

Restructuring and investment firm Gordon Brothers Europe bought Blockbuster UK over the weekend. The multimedia rental and sales chain entered administration in January, a month which also saw Blockbuster's US arm close a further 300 stores. Gordon Brothers Europe acquired the retailer's 264 UK stores, with the BBC reporting 2000 jobs may be saved as a result. How much the sale cost remains undisclosed.

With GAME's troubles of last year, the demises of Blockbuster and HMV left UK high street games retail with worryingly threadbare prospects. The administration process leaves Blockbuster with just over half of the 500 stores it had before, while HMV's high street presence is facing a similar level of cutback. However, both the Telegraph and the Financial Times are reporting restructuring specialist Hilco is close to securing a deal to buy HMV, having taken control of the retail chain's debt.

Blockbuster UK finds buyer originally appeared on Joystiq on Mon, 25 Mar 2013 13:00:00 EST. Please see our terms for use of feeds.

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Blockbuster closures in UK hit 160 stores

Mike Suszek — Sun, 20 Jan 2013 18:00:00 EST

Deloitte, the group handling the administration of Blockbuster UK, will close 160 of the retailer's 500 stores. Blockbuster UK went into administration Wednesday, appointing Deloitte to the task of handling the bankruptcy proceedings and finding a buyer for the company.

Lee Manning, an administrator with the group, told GamesIndustry International, "Having reviewed the portfolio with management, the store closure plan is an inevitable consequence of having to restructure the Company to a profitable core which is capable of being sold." Deloitte noted that more store closings may hit in the coming weeks.

Blockbuster closures in UK hit 160 stores originally appeared on Joystiq on Sun, 20 Jan 2013 18:00:00 EST. Please see our terms for use of feeds.

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Rumor: PS Vita UK release date outed by Blockbuster

Jordan Mallory — Sat, 30 Jul 2011 12:30:00 EST

If the unverified Blockbuster UK flyer above is to be believed, it can only mean two things: 1) Blockbuster done goofed it, and 2) Her Majesty's gamers will be able to get their hands on Sony's touchy-feely handheld as early as October 28.

The mailer was delivered to IGN by an anonymous reader, and while the authenticity of the advertisement has yet to be authenticated, the date does coincide with Sony's global launch window. As of press time, no changes have been made to Blockbuster UK's pre-order listing for the Vita, which still lists the street date as "TBA." We'll be keeping a close eye on this one, but for the time being we're going to file it under "hrmmmm" in our massive rumor rolodex.

Continue reading Rumor: PS Vita UK release date outed by Blockbuster

Rumor: PS Vita UK release date outed by Blockbuster originally appeared on Joystiq on Sat, 30 Jul 2011 12:30:00 EST. Please see our terms for use of feeds.

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