Music and Video Club
Encyclopedia
Music and Video Club or MVC was a British
entertainment retailer which sold DVDs, VHS
, audio cassettes, video games, and CDs
of popular and specialist titles. At its peak the company operated 82 stores in the United Kingdom and also sold products over the Internet
. The company closed in January 2006 after entering into administration.
who left after WH Smith bought the company. The company went on to be bought by Kingfisher plc
in 1993, which later spun it off as part of the Woolworths chain in July 2005.
In August 2005, It was sold to venture capital company Argyle Partners for £5.5 million.
In December 2005, MVC went into administration
with Kroll. In January 2006, 41 of MVC's stores were bought by one of its competitors, Music Zone
.
On 25 January 2007, Music Zone
, which purchased 41 of the stores from MVC, also went into administration. 67 former Music Zone stores were taken over by music and book retailer Fopp
, including some of the former MVC
stores. However, Fopp
itself then went into administration in June 2007.
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
entertainment retailer which sold DVDs, VHS
VHS
The Video Home System is a consumer-level analog recording videocassette standard developed by Victor Company of Japan ....
, audio cassettes, video games, and CDs
Compact Disc
The Compact Disc is an optical disc used to store digital data. It was originally developed to store and playback sound recordings exclusively, but later expanded to encompass data storage , write-once audio and data storage , rewritable media , Video Compact Discs , Super Video Compact Discs ,...
of popular and specialist titles. At its peak the company operated 82 stores in the United Kingdom and also sold products over the Internet
Internet
The Internet is a global system of interconnected computer networks that use the standard Internet protocol suite to serve billions of users worldwide...
. The company closed in January 2006 after entering into administration.
History
Originally MVC was started by former staff members of Our PriceOur Price
Our Price was a chain of record stores in the United Kingdom and Republic of Ireland from 1972 until 2004. Originally founded in 1972 by Gary Nesbitt, Edward Stollins and Mike Isaacs, early stores were branded "The Tape Revolution" and concentrated on the then-new compact cassette format.The name...
who left after WH Smith bought the company. The company went on to be bought by Kingfisher plc
Kingfisher plc
Kingfisher plc is a multinational retailing company headquartered in London, United Kingdom. It is the largest home improvement retailer in Europe and the third-largest in the world...
in 1993, which later spun it off as part of the Woolworths chain in July 2005.
In August 2005, It was sold to venture capital company Argyle Partners for £5.5 million.
In December 2005, MVC went into administration
Administration (insolvency)
As a legal concept, administration is a procedure under the insolvency laws of a number of common law jurisdictions. It functions as a rescue mechanism for insolvent entities and allows them to carry on running their business. The process – an alternative to liquidation – is often known as going...
with Kroll. In January 2006, 41 of MVC's stores were bought by one of its competitors, Music Zone
Music Zone
Music Zone was a music retailer in the United Kingdom, formed in Levenshulme in 1984, as a market stall in Longsight, Manchester.-History: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...
.
On 25 January 2007, Music Zone
Music Zone
Music Zone was a music retailer in the United Kingdom, formed in Levenshulme in 1984, as a market stall in Longsight, Manchester.-History: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...
, which purchased 41 of the stores from MVC, also went into administration. 67 former Music Zone stores were taken over by music and book retailer Fopp
Fopp (retailer)
Fopp is a chain of retail stores selling music, film, books and other entertainment products in the United Kingdom.-History:From its origins as a one-man stall in Glasgow, Scotland, in 1981, it expanded to a chain of over 100 branches throughout the country in 2007...
, including some of the former MVC
MVC
MVC may refer to:* Maha Vir Chakra, a military decoration in India* Marvel vs. Capcom, a video game series* Marvel vs. Capcom: Clash of Super Heroes* Monroe County Airport's IATA airport code...
stores. However, Fopp
Fopp (retailer)
Fopp is a chain of retail stores selling music, film, books and other entertainment products in the United Kingdom.-History:From its origins as a one-man stall in Glasgow, Scotland, in 1981, it expanded to a chain of over 100 branches throughout the country in 2007...
itself then went into administration in June 2007.