Grimsby Blockbuster store is not earmarked for closure
The Joint Administrators to Blockbuster have today confirmed that the Grimsby store is not on a list of 164 additional outlets that are to close in the coming weeks as part of a phased closure.
As reported, Lee Manning, Matthew David Smith and Neville Kahn, partners at Deloitte, the business advisory firm, were appointed Joint Administrators to Blockbuster Entertainment Limited and Blockbuster GB Limited on January 16.
As a result of their ongoing review of the portfolio and discussions with landlords and interested parties, they announced 164 are to close.
The remaining stores will continue to trade as usual whilst administrators progress negotiations with bidders.
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Lee Manning, Joint Administrator, said: "We have continued to review the performance of individual stores since our appointment a month ago and have concluded that further closures are necessary in order to restructure the Company for sale.
"We would like to thank the Company's employees for their support and professionalism during this difficult time and we are also grateful for the continued support of customers.
"We are in discussions with a number of parties interested in purchasing all or parts of the business and will update on progress in due course."Keep checking your Grimsby Telegraph for updates.