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Zavvi fading out as 18 more stores close
15 Jan 2009
Music chain Zavvi is a step closer to vanishing from the High Street, after the firm's administrators today announced the immediate closure of a further 18 stores.
The development adds 353 job cuts to the thousands lost over the past week. The closures include branches in Watford, Cambridge and Basingstoke, as well as the landmark Tower store in Piccadilly.
“Despite having received in excess of 70 expressions of interest, we have not received any offers for the store portfolio as a whole,” said administrator Tom Jack of Ernst & Young. “Consequently, with reducing stock levels we have had to close a further 18 stores.”
