Blockbuster administrators issue full details of store closures and redundancies
Moorfields Corporate Recovery LLP has today issued further details of store closures and redundancies following the announcement made on 14 November.
Joint administrators Simon Thomas and Nick O’Reilly commented,
“The decision to close some stores has not been taken lightly, however the remaining stores remain open for business and we are continuing to market the business for sale as a going concern. Currently we are offering attractive discounts which are generating additional sales.
“We want to be as open and transparent as possible throughout this process and will hopefully be in a position, within the next 7 days, to provide staff and customers with another update very shortly.”
Notes to editors
Moorfields Corporate Recovery LLP is one of the UK's leading independent firms of Corporate Advisory, Restructuring and Insolvency Services. Our highly skilled teams include restructuring professionals and licensed insolvency practitioners who provide leadership, experience and high quality advice to companies and their stakeholders in financially distressed situations. Moorfields Corporate Recovery is proud to have been awarded Corporate Recovery Firm of the year at the Insolvency and Rescue Awards 2012.
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