Global Video Going Bust?

Question

Have just been to my local Global Video store and was met by the sight of them packing up.

The staff tell me that Global have not paid the rent and under a court action are obliged to vacate the premises.

Are they going bust?

Answer 1

i don think so. my local global video shop is still here. perhaps the landlord of that particular shop has increased the rent and the company have refused to pay it so are closing. they will probably reopen close by soon.