Wednesday, February 07, 2007

Fopp buys upwards

Fopp Records has more-than-trebled its size overnight, by buying up the best of the Music Zone stores.

Music Zone went into receivership in January, just twelve months after buying up 41 MVC stores. They'd been in receivership since December 2005, in turn just four months after Woolworths had offloaded the chain. The inability of so many management teams to turn a profit from the locations doesn't seem to have phased Fopp.

There had been 35 Fopp stores; now, there are to be 102. For a while, at least.