A further 18 Zavvi stores will close today, leading to 353 redundancies, as administrator Ernst & Young revealed no offers have been received to take on the whole portfolio.

Last week 22 stores shut, resulting in 178 redundancies. Shortly after the entertainment retailer fell into administration last month, 69 members of staff who were made redundant at head office.

Joint administrator Tom Jack said: “Despite having received in excess of 70 expressions of interest, we have not received any offers for the store portfolio as a whole. Consequently, with reducing stock levels we have had to manage the cost base of the business and close a further 18 stores.

“We will however continue to trade the remaining Zavvi stores with a view to selling all or part of the Zavvi business as a going concern. We remain optimistic that current sale negotiations will prove successful and that a sale can be achieved.”

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