Telford Blockbuster store saved as rental chain sold
Troubled DVD and games rental chain Blockbuster has been bought out of administration, saving a store in Shropshire.
Administrators from Deloitte, the accountancy firm, announced the restructuring specialists Gordon Brothers Europe had purchased the company for an undisclosed sum over the weekend, saving 2,000 jobs and 264 UK stores including in Telford's Rampart Way.
Blockbuster collapsed in January amid competition from internet firms and the digital streaming of movies and games.
Joint Administrator Lee Manning, said: "Having identified a profitable core portfolio of stores we are pleased to have achieved this sale for creditors.
"Together with the previously announced store sales more than half of the original estate has been secured for ongoing use."
Hundreds of shops were shut in the weeks after its collapse, including in Whitchurch and Shrewsbury.
