Monday, March 12, 2012

Still hope of rescue for fopp

Negotiations to save high street music chain Fopp have beencontinuing.

The closure of Fopp's stores earlier this month led to 84 jobsbeing lost in Scotland, including 11 at the Union Street branch inAberdeen.

A spokeswoman for the joint receivers has confirmed discussionswould continue, after HMV was linked with a move for the company.

Fopp's founder Gordon Montgomery has also been linked with apartial take-over.

Tom Burton and Colin Dempsey, from Ernst and Young, have beenappointed joint receivers for the ailing firm.

A spokeswoman refused to confirm which groups or how many groupswere involved in the ongoing discussions.

No comments:

Post a Comment