Controversy Over British Music Gear Retailer DV247 Bankruptcy
The large British music equipment retailer DV247 has gone out of business, or has it?
Last Friday, the owners of the Digital Village music retail chain, White Rabbit Records Limited, announced that Digital Village is bankrupt and appointed an administrator.
Nothing too controversial about that, after-all it happens all the time in all countries around the world. A new player comes into the music gear scene, offers amazing prices and great warranties, gains lots of business and then shuts down because it turns out you can't sell gear that cheap and keep paying the bills.
But this one has caused a huge stir because another company, DV247 Ltd, instantly acquired the assests and is continuing to do business - without all those pesky debts owed by the previous company.
This led to a blog post by The Eccentric Blogger complaining about this kind of corporate behavior that leaves the business trading while leaving suppliers and employees out in the cold.
And that's when things really started getting interesting - the blog has follow-up comments from the new owners, employees, and customers about what is really going down.
If you'd like to know more about the DV247 saga, head on over to The Eccentric Blog.
There is also an official response from DV247 here.
Share This Article