All posts from December 2013

Detroit judge rules city bankrupt

Posted By: on 16th December 2013 under News

The city best known for it’s motor industry and Motown music has been declared bankrupt owing 18 billion dollars (11 billion pounds) to its 100,000 creditors. For more details on this unique situation head to the BBC website at: http://www.bbc.co.uk/news/business-25203691

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The demise of Blockbuster

Posted By: on 16th December 2013 under News

The Blockbuster brand had traded for nearly 25 years in the UK when it was placed into administration for the first time in January 2013, at which time it had over 500 stores and 4,000 staff. The business was sold by the administrators to private equity group Gordon Brothers, but they were unable to turn […]

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