- 3 updates
Rental chain Blockbuster was bought by a subsidiary of Gordon Brothers, TS 1973 Investment Holdings Limited, in a move which has saved 2,000 jobs and 264 UK stores.
A spokesman said the stores across the UK and Channel Islands will continue to operate on a "business as usual" basis.
The deal has secured "substantial investment" for Blockbuster from Gordon Brothers, which said it intends to "fully utilise the existing trading platform, powerhouse brand and extensive customer database" of the high street chain.
The joint administrators of Blockbuster have confirmed the sale of 264 stores to Gordon Brothers Europe, which is expected to save around 2,000 jobs. A statement said:
Restructuring firm Gordon Brothers Europe is to buy 264 Blockbuster stores, meaning that 2,000 jobs should be safe.