Blockbuster bought out – but no news on Chichester and Bognor stores

MORE than 200 Blockbuster stores across the country have been saved after a buyout of the company.

264 stores throughout the country will continue to operate as usual, which means more than 2,000 jobs have been saved.

However the exact stores included in the deal has not yet been published, and it is yet to be revealed whether the Chichester and Bognor Regis stores are among the 264.

Blockbuster has been bought by Gordon Brothers Europe, a global private equity and investment company.

Frank Morton, chief executive officer of the company, said: “We are delighted to announce the acquisition of Blockbuster. Blockbuster has a strong brand affinity and we believe that with the right mix of new product offering, new technologies, strategic management and marketing, we can bring new life to this high street staple.

“We look forward to working with employees, suppliers, landlords and other stakeholders to make this happen.”

Former HMV UK and Ireland commercial director Gary Warren has been appointed as managing director of Blockbuster.

Keep checking the Observer website for updates as to the latest situation regarding the Chichester and Bognor branches.