Music retailer DV247 parent enters administration
White Rabbit Records Ltd – trading as Digital Village and DV247.com – has entered into administrations.
The Essex-based retailer specialised in musical instruments and DJ equipment, achieving sales of £37 million at its peak in 2010.
It’s understood that seven of the company’s eight stores have been closed with many staff members being made redundant.
The administration deal is said to involve a German retailer buying the website.
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