Zavvi heads into administration

Well, last week we reported how Zavvi was leading the charge on cheap consoles over the Christmas. Sadly, it wasn't enough to keep them from going into administration. The demise of the former Virgin Megastores is a knock-on effect from the Woolworths crash, Zavvi's main supplier of goods was Entertainment UK (EUK), owned by Woolies and following it into administration back in November. If you've bought off them over the Christmas, don't despair, stores will remain open for trade (including exchanges and refunds) into the new year and beyond. So it's still not too late for that cheap Xbox 360. Indeed, the administrators hope to sell either the entire chain or part of it, which should be some comfort to the 3,400 people currently employed by Zavvi. Link: Zavvi (via BBC ) Sign up for the free T3 newsletter Want your latest gadgets news delivered to your inbox every week? Register for the free T3 newsletter and relax as the headlines come to you! - Sign up here… (link)