Blockbuster administrator: We need to close 70 stores
The high street DVD rental chain Blockbuster is to close 72 stores - with a loss of 452 jobs.
It is the second time this year the company has been in administration and announced job losses.
Nick O'Reilly is a partner from Moorfields Corporate Recovery, which has been appointed administrator of TS Operations, which trades as Blockbuster.
He told BBC Radio 5 live's Shelagh Fogarty: "Regrettably, we came to the decision that to find a buyer we need to have a closure of 70 odd stores."
14 Nov 2013
- From the section Business