It certainly looks as though Fopp is in trouble.
Several stores are only taking cash transactions today. The stores are claiming it's a 'card authorisation problem' but I smell a rat.
I, like plenty of people, thought the purchase of Music Zone was a step too far for the chain. Looks like they're having serious liquidity problems.
Be a real shame if they can't pull out of the shit though.
Thursday, 21 June 2007
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