- Music and Video Club
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Music and Video Club (MVC) 
Former type Private Industry Entertainment retail, Record store Fate Administration Founded 1989 Defunct 2006 Headquarters London, United Kingdom Number of locations 82, (73 at time of administration)[1] Area served United Kingdom Products DVDs
MusicEmployees 700 Music and Video Club or MVC was a British entertainment retailer which sold DVDs, VHS, audio cassettes, video games, and CDs of popular and specialist titles. At its peak the company operated 82 stores in the United Kingdom and also sold products over the Internet. The company closed in January 2006 after entering into administration.[2]
History
Originally MVC was started by former staff members of Our Price who left after WH Smith bought the company. The company went on to be bought by Kingfisher plc in 1993,[3][4] which later spun it off as part of the Woolworths chain in July 2005.[5]
In August 2005, It was sold to venture capital company Argyle Partners for £5.5 million.[2]
In December 2005, MVC went into administration with Kroll.[1] In January 2006, 41 of MVC's stores were bought by one of its competitors, Music Zone.[6]
On 25 January 2007, Music Zone, which purchased 41 of the stores from MVC, also went into administration.[7] 67 former Music Zone stores were taken over by music and book retailer Fopp, including some of the former MVC stores.[8] However, Fopp itself then went into administration in June 2007.[9]
References
- ^ a b "MVC Entertainment loses its spin". This Is Money. 2005-12-22. http://www.thisismoney.co.uk/news/article.html?in_article_id=405899&in_page_id=2. Retrieved 2009-02-12.
- ^ a b "Sad note as MVC is called into administration". Bedford Today. 2006-01-01. http://www.bedfordtoday.co.uk/bed-news/Sad-note-as-MVC-is.1299554.jp. Retrieved 2009-02-12.
- ^ http://www.fpm.com/journal/members/kingfish.htm
- ^ Kingfisher Plc Business Information, Profile, and History, JRank (retrieved 9 October 2010)
- ^ "Woolies sells off ailing MVC". This Is Money. 2005-07-31. http://www.thisismoney.co.uk/news/article.html?in_article_id=402654&in_page_id=2. Retrieved 2009-02-12.
- ^ "Music Zone buying 41 MVC outlets". BBC News. 2006-01-04. http://news.bbc.co.uk/1/hi/business/4581326.stm. Retrieved 2011-09-03.
- ^ "Music Zone enters administration". BBC News. 2007-01-05. http://news.bbc.co.uk/1/hi/scotland/glasgow_and_west/6228793.stm. Retrieved 2009-02-12.
- ^ "Music Zone sells stores to Fopp". BBC News. http://news.bbc.co.uk/1/hi/england/manchester/6333163.stm. Retrieved 2011-09-03.
- ^ Ernst & Young Press Statement
External links
- Official website, previously redirected to HMV site, and then to Amazon UK. Now directed to a Sedo holding page
- Official website, archived version of website from Feb 06
Categories:- Retail companies established in 1989
- Companies disestablished in 2007
- Defunct retail companies of the United Kingdom
- Companies that have entered administration in the United Kingdom
Wikimedia Foundation. 2010.
