Virgin Megastore

Virgin Megastore the entertainment retailer became insolvent after Administrators Ernst & Young declared the company bankrupt. The company went into administration due to falling sales and demand for their products simultaneously.

• Administrators: Ernst & Young
• Year Founded: 1971
• Total Number of Employees: 14,666
• Total Number of Jobs Lost: 2,200
• Number of Stores: 125
• Managing Director/CEO: Simon Wright