Zavvi to sell five stores to rival HMV

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

Zavvi closed its branch in Blanchardstown in Dublin yesterday with the loss of 13 jobs.

Last evening, the company’s administrators, Ernst & Young, announced that five of Zavvi’s 11 stores in the Republic would go to HMV as part of a deal to sell 14 stores.