Zavvi Enters Administration and Halts Trading Operations

Entertainment and pop culture retailer Zavvi has entered administration, with its business and property placed under joint administrators after financial difficulties forced the company to stop trading immediately. According to an announcement on Zavvi's webstore, the company can no longer complete existing orders or pre-orders, and customers are advised not to make new purchases through the site. The administration notice stated that the "affairs, business and property of the Company" are now managed by joint administrators, according to Zavvi's announcement.

The same announcement said Zavvi had to cease trading "with immediate effect" because of its financial position.

Customers who paid for items that have not arrived were told to contact their payment providers to determine whether they can recover funds. "We appreciate that customers who have paid for goods that have not been received will be concerned about their orders and payments. Customers should contact their bank, card issuer or payment provider promptly to establish whether they may be entitled to recover their payment. Depending on the payment method and the circumstances of the transaction, customers may be able to make a claim" Zavvi's announcement stated.