Deloitte, the administrator of Music Zone, has announced the sale of substantially all the Music Zone stores which had been open at the time of the announcement of 25 January 2007. 

67 stores, the Head Office and warehouse in Stockport and the Music Zone warehouse in Denton have been sold to an associate of music retailer Fopp Limited.

Bill Dawson, Partner at Deloitte said:  “We are pleased with the disposal to Fopp, and wish them every success in the future.  This represents a much better outcome for creditors and other stakeholders than a piece-meal disposal.”

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Notes to Editors

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.