The joint administrators and receivers of independent music retailer Fopp today axed around 700 jobs at the struggling business.
The job losses come after Ernst & Young was appointed on Friday
E&Y sent staff home last week and has appealed for buyers to take on individual stores.
Joint administrator Tom Burton said: “It is unfortunate that we have had to make these redundancies but we are not in a position to re-open the stores until we have the agreement of suppliers who control the licenses to sell stock.”