Zavvi

Sir Richard Branson reportedly paid a dowry to the management of Virgin Megastores when they bought the loss-making entertainment retailer in September last year. Managing director Simon Douglas and finance director Steve Peckham moved fast to rebrand the 130 stores and the company’s online shop as Zavvi. They have also announced that the company will put more emphasis on the sale of computer and console games, alongside sales of the traditional music, phones and DVDs, and will introduce book, clothing and merchandising departments to each store. Sales in 2007 were £341m.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Year2008
Rank54
CompanyZavvi
ActivityEntertainment retailer
LocationWest London
Sales £m341.0
Operating profit £m-46.6
Main shareholdersSimon Douglas (50%), Steve Peckham (50%)
Staff2,726
Founded1988
Websitewww.zavvi.co.uk

If applicable:

* supplied by Company   † annualised figure   ‡  profit = ebitda