Grantham store looks safe after Blockbusters chain sold

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The future of the Blockbusters store in London Road, Grantham, looks safe after it was announced today that a buyer had been found for the threatened chain.

The DVD and games rental chain went into administration in January. The Grantham store was kept open while administrators looked for a buyer.

Restructuring specialists Gordon Brothers Europe have bought the chain which raises the likelihood that 2,000 jobs and 264 stores around the country will be saved. About 200 stores were closed earlier this year.

Joint administrator Lee Manning said: “This transaction provides Blockbuster with a future in the UK and we owe a special vote of thanks to all the company’s employees, suppliers and customers for helping us rescue the business.”

The chain has been sold for an undisclosed fee.