Quantcast


Last updated: October 29. 2013 10:42AM - 273 Views
Associated Press



Story Tools:

Font Size:

Social Media:

(AP) The DVD and games rental store Blockbuster has filed for a form of U.K. bankruptcy again.


The company was sold to restructuring specialists Gordon Brothers Europe in March, after going into administration in January. At the time, Blockbuster U.K. had 528 stores. Hundreds of shops were shut in the weeks after its financial collapse.


Gordon Brothers Europe said Tuesday that its turnaround attempts for the company which currently has 264 stores and 2,000 staff coincided with poor trading across rental and retail sales. It said some stores may need to close.


Blockbuster in Britain is a subsidiary of U.S.-based Blockbuster LLC, which itself was reorganized under U.S. bankruptcy laws and then acquired in 2011 by the Dish Network Corp. of Colorado.


Associated Press
Comments
All user comments are subject to our Terms of Service. Users may flag inappropriate comments.
comments powered by Disqus



Featured Businesses


Poll



Info Minute



Gas Prices

Wilkes-Barre Gas Prices provided by GasBuddy.com