Music Zone
From Wikipedia, the free encyclopedia
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| Company type | Private |
|---|---|
| Industry | Entertainment Retail, Record store |
| Founded | Longsight, Manchester (1984) |
| Founder | Russ Grainger |
| Defunct | 3 January 2007 |
| Fate | Administration |
| Headquarters | , |
Number of locations | 104 |
Area served | United Kingdom |
Key people | S Oliver, Managing Director Nick Standing, Retail Director Eren Ozagir, Marketing Director. |
| Products | Books DVDs Games Music T-Shirts |
| Revenue | £70.4 million |
| Owner | Music Zones Services Limited |
Number of employees | 1,100[1] |
| Parent | Fopp |
Music Zone was a music retailer in the United Kingdom, formed in Levenshulme in 1984, as a market stall in Longsight, Manchester.
Soon after, Music Zone opened its first permanent shop in Stockport, and began to expand in the Manchester region, rebranding itself to Music Zone Trade Direct and positioning itself as a value retailer. In February 2005, Music Zone was sold in a management buy-out for £12 million,[2] backed financially by the private equity firm Lloyds Development Capital (LDC), as well as funds from the board of directors.
In the twelve months to 31 May 2005, the company made a £4,000 pre tax loss on sales of £70.4 million.[2] Then in January 2006, the company bought forty one outlets from collapsed chain MVC,[3] allowing Music Zone to expand nationwide. All stores were branded to 'Music Zone'.
The MVC acquisitions took the estate to 104 stores making the chain the third largest specialist entertainment retailer in the United Kingdom, less than thirty stores behind nearest rival Virgin Megastore.
