Music Zone [SEP] dissolved or abolished
behind nearest rival Virgin Megastore.
Financial problems.
On 27 December 2006, the Bank of Ireland withdrew its loan and future working capital facilities, and decided to recover its debts without notice and with immediate effect. As a result, on 3 January 2007, Music Zone went into administration, with thirty one stores across the United Kingdom closing two weeks later.
The cause of the collapse was attributed to "challenging trading conditions and weak pre Christmas trading, amid increasing competition and aggressive pricing across the DVD and music
- The Business: Foreign Exchange (2011)
- Barcode (2015) unreleased
References.
1. Feb 18, 2014 http://www.sdrtv.com/2014/02/zone-fam-nominated-for-world-music.html slamdunk news
2. Sep 6, 2013 http://ukzambians.co.uk/home/2013/09/06/zone-fam-nominated-for-channel-o-music-video-award-2013-vote-request/ uk Zambians
3. https://web.archive.org/web/20150208035016/http://www.reverbnation.com/zonefam
4. Jun 1, 2014 http://www.afroheatbase.com/Zone-Fam-Ntete.html afrobase
5. Apr 2, 2012 http://vimeo.com/zonefam
6. Sep 24, 2012 http://www.haveplentymusic.com/new-music-zone-fam-contolola/ havemusic
7. Dec 12, 2014 https://web.archive.org/web/20150208041436/http://www.ezmmagazine.com/blog/zone-fam-twitter-verified/ EZ magazine
8. 14 March 2014 http://www.hypemagazine.co.za/2014/03/exclusive-zone-fam-way-forward/ hypeMag
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