Contact: Emma Thorogood
Deloitte
Public Relations
+44 207 303 6264

Contact: James Igoe
Deloitte
Public Relations
+44 (0)20 7303 8247

Deloitte, the Administrator of Music Zone, has announced that it has not been possible to find a buyer for the business in the time available and it is no longer viable to continue trading. Whilst discussions continue as regards the business, trading has ceased at this time as there is no certainty that any sale can be achieved.

Music Zone was placed into administration on 3 January 2007 and Bill Dawson from Deloitte’s Reorganisation Services division was appointed Administrator.

The result of the cease in trading is that 800 people will be made redundant.

Ends

About Deloitte
In this press release references to Deloitte are references to Deloitte & Touche LLP which is among the country’s leading professional services firms, providing audit, tax, consulting and corporate finance services. Deloitte & Touche LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu (‘DTT’), a Swiss Verein whose member firms are separate and independent legal entities. Neither DTT nor any of its member firms has any liability for each other’s omissions. Services are provided by member firms or their subsidiaries and not by DTT. Deloitte & Touche LLP is authorised and regulated by the Financial Services Authority. The information contained in this press release is correct at the time of going to press.