Business · Companies · 7 hrs ago

Zavvi Enters Administration and Tells Customers Not to Place Orders

Zavvi Enters Administration and Tells Customers Not to Place Orders

Zavvi, a UK entertainment retailer known for Blu-rays and 4K films, has entered administration.

The company has told customers not to place new orders.

It says it cannot fulfill existing orders or preorders and advises customers to contact their banks to seek refunds.

Administration is a process intended to give a company a chance to return to financial sustainability.

It is not yet clear whether Zavvi will recover.

Its future matters to collectors because options for buying new films and steelbooks have become more limited in recent years.

Sources

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