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Zavvi
Zavvi is an online retailer of entertainment products, including Blu-rays, collectables, homeware and toys. Originally a physical retailer, the brand has been online only since it was bought from administration by The Hut Group in 2009. History Virgin Megastores UK Richard Branson started his first Virgin store on London's Oxford Street in 1971 and the first Megastore in 1979. The chain grew throughout the 1980s and 1990s and became an international franchise. During the early to mid-2000s, the Virgin Group sold most of its Virgin Megastores to various companies, including the French stores to the Lagardere Group and the American stores to The Related Companies. Zavvi rebranding In September 2007, it was announced that the UK arm of the Virgin Megastores brand was to break away from the Virgin Group. A management buyout offer was led by managing director, Simon Douglas, and finance director, Steve Peckham, reportedly for £1. Zavvi became the largest independent entertainm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zavvi Company Hierarchy
Zavvi is an online retailer of entertainment products, including Blu-rays, collectables, homeware and toys. Originally a physical retailer, the brand has been online only since it was bought from administration by The Hut Group in 2009. History Virgin Megastores UK Richard Branson started his first Virgin store on London's Oxford Street in 1971 and the first Megastore in 1979. The chain grew throughout the 1980s and 1990s and became an international franchise. During the early to mid-2000s, the Virgin Group sold most of its Virgin Megastores to various companies, including the French stores to the Lagardere Group and the American stores to The Related Companies. Zavvi rebranding In September 2007, it was announced that the UK arm of the Virgin Megastores brand was to break away from the Virgin Group. A management buyout offer was led by managing director, Simon Douglas, and finance director, Steve Peckham, reportedly for £1. Zavvi became the largest independent entertainment ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zavvi Newcastle
Zavvi is an online retailer of entertainment products, including Blu-rays, collectables, homeware and toys. Originally a physical retailer, the brand has been online only since it was bought from administration by The Hut Group in 2009. History Virgin Megastores UK Richard Branson started his first Virgin store on London's Oxford Street in 1971 and the first Megastore in 1979. The chain grew throughout the 1980s and 1990s and became an international franchise. During the early to mid-2000s, the Virgin Group sold most of its Virgin Megastores to various companies, including the French stores to the Lagardere Group and the American stores to The Related Companies. Zavvi rebranding In September 2007, it was announced that the UK arm of the Virgin Megastores brand was to break away from the Virgin Group. A management buyout offer was led by managing director, Simon Douglas, and finance director, Steve Peckham, reportedly for £1. Zavvi became the largest independent entertainment ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Virgin Megastores UK
Virgin Megastores was a retail chain that operated in the United Kingdom from 1971 to 2007. The company was established by Richard Branson, originally as a small record shop, and became a national chain. In 2007, the company was sold to management, and was rebranded as Zavvi. Zavvi entered administration in 2008 and subsequently closed. History Branson's early business ventures Richard Branson & Nik Powell had initially run a small record shop called ''Virgin Records and Tapes'' on Notting Hill Gate, London, specialising particularly in "krautrock" imports, and offering bean bags and free vegetarian food for the benefit of customers listening to the music on offer. After making the shop into a success, they turned their business into a fully fledged record label, Virgin Records. The name Virgin, according to Branson (in his autobiography), arose from a colleague of his when they were brainstorming business ideas. She suggested Virgin – as they were all new to business – lik ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Virgin Megastores
Virgin Megastores is an international entertainment retailing chain, founded in early 1976 by Richard Branson as a record shop on London's Oxford Street. In 1979 the company opened their first Megastore at the end of Oxford Street and Tottenham Court Road. The company expanded to hundreds of stores worldwide in the 1990s, but has lost a large number of stores in recent years, largely with the sale and eventual closing of the British, American, Irish, Canadian, Australian, Italian, Spanish, French, Greek, Japanese and Chinese stores. By 2015, it operated only in the Middle East and in North Africa. History Branson's early business ventures Richard Branson and Nik Powell had initially run a small record shop called ''Virgin Records and Tapes'' on Notting Hill Gate, London, specialising particularly in "krautrock" imports, and offering bean bags and free vegetarian food for the benefit of customers listening to the music on offer. After making the shop into a success, they ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Hut Group
THG plc, formerly The Hut Group, is a British e-commerce retail company headquartered at Manchester Airport, England. It sells own-brand and third-party cosmetics, dietary supplements, luxury goods, and licensed and personalised products online. It provides an end-to-end e-commerce service to third parties through its Ingenuity division. As of 2022, the company operates 18 fulfilment centres which ship to 195 territories worldwide. History The company was founded in Manchester in 2004 with a £500,000 investment by Matt Moulding and John Gallemore. The company sold CDs and DVDs online before creating white-label web stores for large physical retailers, including Asda, Argos Entertainment, Tesco and WHSmith. It operated a warehouse in Guernsey, allowing customers to avoid paying VAT on items priced below £18. The creation of the iPhone in 2007 undermined this business model and The Hut Group began acquiring internet retailers and moving them into the group's existing syst ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
THG Plc
THG plc, formerly The Hut Group, is a British e-commerce retail company headquartered at Manchester Airport, England. It sells own-brand and third-party cosmetics, dietary supplements, luxury goods, and licensed and personalised products online. It provides an end-to-end e-commerce service to third parties through its Ingenuity division. As of 2022, the company operates 18 fulfilment centres which ship to 195 territories worldwide. History The company was founded in Manchester in 2004 with a £500,000 investment by Matt Moulding and John Gallemore. The company sold CDs and DVDs online before creating white-label web stores for large physical retailers, including Asda, Argos Entertainment, Tesco and WHSmith. It operated a warehouse in Guernsey, allowing customers to avoid paying VAT on items priced below £18. The creation of the iPhone in 2007 undermined this business model and The Hut Group began acquiring internet retailers and moving them into the group's existing syst ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Entertainment UK
Entertainment UK Limited (EUK) was a retail supply and distribution company and a wholly owned subsidiary of Woolworths Group. The company, and Woolworths plc, entered administration with Deloitte on 26 November 2008. EUK claimed to have had a turnover in excess of £1.4 billion per annum, and over 160,000 lines of products. History Entertainment UK was founded as Record Merchandisers Limited in 1966 by EMI Records to distribute music to non-specialist retailers. It later became a joint venture between a number of record companies. Woolworths became Entertainment UK's largest customer and in 1986 Record Merchandisers Limited was acquired by Kingfisher plc. In 1988, Record Merchandisers Limited changed its name to Entertainment UK (EUK). EUK became the property of Woolworths Group after the demerger from parent company Kingfisher in 2001. In 2006, Woolworths Group acquired Total Home Entertainment Distribution Limited (THE) to form part of EUK division. In November 2007 EUK acq ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Management Buyout
A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management-, and/or leveraged buyout became noted phenomena of 1980s business economics. These so-called MBOs originated in the US, spreading first to the UK and then throughout the rest of Europe. The venture capital industry has played a crucial role in the development of buyouts in Europe, especially in smaller deals in the UK, the Netherlands, and France. Overview Management buyouts are similar in all major legal aspects to any other acquisition of a company. The particular nature of the MBO lies in the position of the buyers as managers of the company and the practical consequences that follow from that. In particular, the due diligence process is likely to be limited as the buyers already have full knowledge of the company available to them. The seller is also unlikely to give any but the most ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Administration (insolvency)
As a legal concept, administration is a procedure under the insolvency laws of a number of common law jurisdictions, similar to bankruptcy in the United States. It functions as a rescue mechanism for insolvent entities and allows them to carry on running their business. The process – in the United Kingdom colloquially called being "under administration" – is an alternative to liquidation or may be a precursor to it. Administration is commenced by an administration order. A company in administrative receivership is operated by an administrator (as interim chief executive with custodial responsibility for the company's assets and obligations) on behalf of its creditors. The administrator may recapitalize the business, sell the business to new owners, or demerge it into elements that can be sold and close the remainder. Most countries distinguish between voluntary (board-decided) and involuntary (court-decided) receivership. In voluntary administrative receivership, the admini ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gamestation
Gamestation was a chain of retail shops in the United Kingdom selling used and new video games, and was the second largest specialist video game retailer in the United Kingdom until it was acquired by Game in May 2007, a group which owns many different gaming stores throughout the United Kingdom and Europe. In March 2012, the Game Group went into administration and a number of Gamestation stores, including the company's flagship store in Birmingham New Street were closed. Game and Gamestation were purchased from the administrators by OpCapita. On 14 September 2012, it was announced that the Gamestation brand will disappear with all stores being rebranded as Game. On 18 November 2012, the Gamestation website closed and redirected to that of Game. The defunct brand is currently owned by Frasers Group, following its purchase of Game in June 2019. History Foundation and sale to Blockbuster Gamestation was founded in 1993 in York, and by 2002, it had 64 stores across the Unit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Daily Telegraph
''The Daily Telegraph'', known online and elsewhere as ''The Telegraph'', is a national British daily broadsheet newspaper published in London by Telegraph Media Group and distributed across the United Kingdom and internationally. It was founded by Arthur B. Sleigh in 1855 as ''The Daily Telegraph & Courier''. Considered a newspaper of record over ''The Times'' in the UK in the years up to 1997, ''The Telegraph'' generally has a reputation for high-quality journalism, and has been described as being "one of the world's great titles". The paper's motto, "Was, is, and will be", appears in the editorial pages and has featured in every edition of the newspaper since 19 April 1858. The paper had a circulation of 363,183 in December 2018, descending further until it withdrew from newspaper circulation audits in 2019, having declined almost 80%, from 1.4 million in 1980.United Newspapers PLC and Fleet Holdings PLC', Monopolies and Mergers Commission (1985), pp. 5–16. Its si ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ernst & Young
Ernst & Young Global Limited, trade name EY, is a multinational professional services partnership headquartered in London, England. EY is one of the largest professional services networks in the world. Along with Deloitte, KPMG and PricewaterhouseCoopers (PwC), it is considered one of the Big Four accounting firms. It primarily provides assurance (which includes financial audit), tax, consulting and advisory services to its clients. Like many of the larger accounting firms in recent years, EY has expanded into markets adjacent to accounting, including strategy, operations, HR, technology, and financial services consulting. EY operates as a network of member firms which are structured as separate legal entities in a partnership, which has 312,250 employees in over 700 offices in more than 150 countries around the world. The firm's current partnership was formed in 1989 by a merger of two accounting firms; Ernst & Whinney and Arthur Young & Co. It was named Ernst & Young until ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
