Music Gear News

At Gear4music.com we update our news channel daily to ensure you always get the latest and most important music news.

DV247.com Enters Administration - Update

DV247.com Enters Administration - Update
DV247.com Enters Administration - Update
White Rabbit Records Limited, the former owners of the DV247 website also known as Digital Village and Music Village was placed into administration on Friday 10th May.

The DV247 websites have been purchased in a Pre-Pack deal by German retailer 'Music Store Professional GMBH' of Cologne, and it is understood that orders placed on the DV247 website are now being shipped from Music Store's German warehouse.

Seven out of eight DV shops have been closed, with over 30 people already understood to have been made redundant.

The closed stores are: DV247 Acton, DV247 Barnet, DV247 Birmingham, DV247 Bristol, DV247 Cambridge, DV247 Clapham, DV247 Southampton.

It is widely reported that many of White Rabbit Records' UK based suppliers are at risk of losing significant sums of money as a result of the insolvency, and DV247 is no longer thought to be purchasing products from many of the UK suppliers owed money by White Rabbit Records Limited.

The former majority shareholder of DV247 John Da Costa has been appointed as a Director of the new 'phoenix' company DV247 Limited, along with Michael Sauer of Music Store in Germany.

A summary of the situation as understood so far is:

  • White Rabbit Records Limited is now in administration
  • All DV247 orders are now being shipped from Germany
  • Many UK suppliers owed money are no longer supplying DV247
  • Seven out of eight shops have been closed
  • Over 30 staff made redundant
  • DV247 back orders and warranties are being honored for the time being by the new phoenix company
  • If you have any questions or concerns regarding this article, then please call us on 0843 155 0800

    By Vicky Brown Posted on 15 May 2013 09:26 to category : Music News

    Related Music News

    thumbnail

    Delivered by Choreographer and Theater Director Arlene Phillips, The Bacc For the Future campaign has acquired support of over 100 hundred influential figures

    28 Mar 2017 12:28
    thumbnail

    On the 22nd of April, Pink Floyd will be releasing an unheard version of the iconic classic 'Interstellar Overdrive' in celebration of world record day

    23 Mar 2017 15:29
    thumbnail

    With an increased quality of specifications right across the board, Apple's eponymous 'iPad' will host a whole generous selection of great new features.

    22 Mar 2017 15:09
    thumbnail

    Supported by the likes of Ed Sheeran, Royal Blood, Wolf Alice and many more, Fanfair Alliances new educational guide is available for free download online.

    21 Mar 2017 15:25
    thumbnail

    Aiming to provide equal educational opportunities for children across the U.K, NYMAZ outline the importance of technology in today's learning environment.

    10 Mar 2017 12:22
    thumbnail

    Suffering from a shortage of funds in recent years, the Welsh educational system has experienced a slump in students who are expressing interest in music.

    14 Feb 2017 13:19

    Recent Music News

    thumbnail

    Through a collaboration with Martin, Sheeran's latest signature model features artwork from his latest album '÷' and has been built to his exact specifications.

    25 Apr 2017 17:08
    thumbnail

    Designed in collaboration with celebrated musician Devin Townsend, Mooer's Ocean Machine blends gorgeous, transient tones with powerful expression and depth.

    24 Apr 2017 13:35
    thumbnail

    JHS Pedals give us the lowdown on their latest pedal launches and re-releases from NAMM 2017, with products Shipping to European dealers on April 24th.

    21 Apr 2017 15:18
    thumbnail

    Introducing a sleek aesthetic to an established favourite, Arturia's Step Range offer an extensive selection of creative options to the discerning musician.

    21 Apr 2017 11:52
    thumbnail

    News has emerged from Superbooth that Behringer will be introducing their brand new Deep Mind 6, a smaller more condensed version of its big brother DeepMind 12

    20 Apr 2017 16:32
    thumbnail

    Utilizing innovative features designed to complement the modern piano player, Yamaha's MX88 Synth offers a re purposed design and flawless functionality.

    20 Apr 2017 13:33