Administrators for music, DVD and games retailer Zavvi said more than 200 jobs were secured after a deal with HMV – but the news came after hundreds of the firm’s employees lost their jobs in further store closures.

ZAVVI, the former Virgin Megastore, has agreed to sell five of its 11 stores in the Republic to rival music group HMV.

Administrators for music, DVD and games retailer Zavvi said more than 200 jobs were secured tonight after a deal with HMV – but the news came after hundreds of the firm’s employees lost their jobs in further store closures.

More than 3,400 workers at entertainment retailer Zavvi were suffering a miserable Christmas today after the firm collapsed into administration.

More than 3,000 jobs at high street music retailer Zavvi were at risk today after the company was placed into administration.