Music and Video Club
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|
| Private | |
| Industry | Entertainment retail, Record store |
| Fate | Administration |
| Founded | 1989 |
| Defunct | 2006 |
| Headquarters | London, United Kingdom |
|
Number of locations
|
82, (73 at time of administration) |
|
Area served
|
United Kingdom |
| Products |
DVDs Music |
| Owner |
Kingfisher Group (1993–05) Woolworths Group (2005) Argyle Partners (2005–06) |
|
Number of employees
|
700 |
| Website | www |
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.
MVC was founded by former Our Price directors who left after W H Smith bought the company.
It was bought by Kingfisher plc in 1993, which later spun it off as part of the Woolworths chain in July 2005.
In August 2005, MVC was sold to venture capital company Argyle Partners for £5.5 million. In December 2005, however, it entered administration with Kroll.
In January 2006, 41 MVC stores were bought by competitor Music Zone.
On 25 January 2007, Music Zone 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. Fopp, however, also subsequently entered administration in June 2007.
The "Club" part of the name alluded to the fact that customers needed to be members in order to buy. This requirement, to the average consumer, could seem somewhat superfluous, as a membership card could be obtained at the point of purchase, often without having to give any personal details. As a result, customers often found it easier to bin the card and get a new one each time, rather than to actually carry it.
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Wikipedia