Developments afoot in the hedonistic, drug-fuelled rollercoaster that is rock'n'roll. Rock'n'roll retailing, that is.
Virgin has sold the Virgin Megastore chain to a management buyout team called Zavvi Entertainment Group for an undisclosed sum. The total sum paid is not the only question remaining - Who has funded the buyout? What's their strategy? (Zavvi has already announced plans to open new stores in Liverpool, Belfast and Bristol over the next year.) Will they continue to push towards selling more DVDs and computer games, reducing their reliance on physical music sales? What is the future for download service Virgin Digital, set to be rebranded? I have no idea, but it will be interesting to see if Zavvi's expectations match the sales reality.