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Bourne Blockbuster store to remain open

Blockbuster in Burghley Centre. Bourne
Photo: MSMP170113-030js

Blockbuster in Burghley Centre. Bourne Photo: MSMP170113-030js

The Blockbuster store in the Burghley Centre, Bourne, will remain open for now despite the firm entering administration.

Lee Manning, Matthew David Smith and Neville Kahn, partners at Deloitte, were appointed joint administrators to Blockbuster on Wednesday.

On Saturday they revealed plans to close 129 stores over the coming weeks. The firm has 528 stores across the UK with an average of five staff employed at each.

The Stamford and Bourne stores are not included in that list. But Deloitte said further closures could be announced over the next few weeks.

Joint administrator Lee Manning said: “Having reviewed the portfolio with management, the store closure plan is an inevitable consequence of having to restructure the company to a profitable core which is capable of being sold.

“We would like to thank the company’s employees for their support and professionalism during this difficult time. We are also grateful to the customers for their continued support.”


 
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Friday 24 May 2013

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