Independent retailers will be working with a new company in the future after it was announced DVD giant ChoicesUK has been bought by Webb Group Limited.
ChoicesUK called in administrators last month after it was thought to be saddled with debts of £13m.
However, a part of the company, which supplies thousands of products to convenience stores, has been bought by Webb Group Limited. The new business will take over the wholesale packaged entertainment business, which deals with independent retailers, and the online and mail order arm of the group.
The 139 ChoicesUK stores across the UK will however, continue to operate under the administrators, who are seeking a buyer for the business.Nick Cropper, joint administrator of PricewaterhouseCoopers, said: “The sale provides a secure home for the local and direct businesses, allied with strong management experience and capability.
“Our next task is to sell the retail business of ChoicesUK. We have now spoken with a number of interested parties and our priority now is to work hard to achieve a sale of the business as soon as possible.”
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