Gordon Brothers Europe Picks up Blockbuster's U.K. Stores
March 28, 2013
Gordon Brothers Europe has acquired the business and assets of Blockbuster's U.K. unit. The investment firm, a division of Boston-based PE firm Gordon Brothers Group, has assumed ownership of 264 rental stores across the U.K. and Channel Islands, which will continue to operate as usual. Blockbuster is a Colorado-based provider of home movie and video game rental services. Gordon Brothers will focus on enhancing Blockbuster's customer experience through the use of new product offerings, new technologies and better basic retailing. Blockbuster's U.K. business has been active since 1989 and currently serves 2.9 million active store members.