Zavvi

[1] In July 2023 THG confirmed the sale of its OnDemand division, including Zavvi, to its existing leadership team, with financial backing from investment firm Gordon Brothers.

[10] Plans were revealed for Zavvi to differentiate itself from its competitors with limited editions and exclusive products in addition to increasing the stores online market share during the next year.

[16] The Times reported that Ernst & Young might step in if Zavvi could not pay EUK the value of the stock which amounted to a £106 million debt.

[19] On 24 December 2008, the Zavvi UK group went into administration owing to the loss of its supplier as the company was unable to source stock.

[20][21] Zavvi had attempted to buy supplies from alternative suppliers but experienced difficulties in obtaining favourable credit terms or acceptable prices.

This placed pressure on the company's working capital and when quarterly rents of approximately £13 million were due on 25 December 2008, the directors were unable to meet their creditor liabilities.

[27] Head Entertainment, a company created by former managing director Simon Douglas and his business partner Les Whitfield, purchased five stores.

In July 2023, THG confirmed the sale of its OnDemand division, including Zavvi, to its existing leadership team as ZavviGroup Ltd, with financial backing from investment firm Gordon Brothers.