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Farewell to Blockbusters chain as buyer can’t be found

Wisbech Blockbusters has closed after the company went into administration.

Wisbech Blockbusters has closed after the company went into administration.

Rental store Blockbuster will no longer be a feature on our High Streets after administrators failed to find a buyer for the chain.

The Wisbech branch of the rental and DVD business, on Norfolk Street, has already closed, with the windows whitewashed and most of the signs taken down. March’s store on High Street also closed prior to last week’s announcement.

The March store employed five people and Wisbech employed six. All of them lost their jobs.

Blockbuster went into administration last month and the majority of its 264 stores were shut down in a series of phased closures. The remaining 91 stores ceased trading on Monday, with the loss of 808 jobs across the country.

Joint administrators Simon Thomas and Nick O’Reilly, from Moorfields Corporate Recovery, said: “We appreciate this is a difficult time for all concerned and would like to thank staff for their professionalism and support over the past month.

“Unfortunately, we were unable to secure a buyer for the group as a going concern and as a result had to take the regrettable action to close the remaining stores.”

 

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