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Entertainment retailer ChoicesUK is to call in the administrators - leaving hundreRAB of jobs under threat.
The Peterborough-based firm said it had made the decision after attempts to refinance or sell the group had failed.
ChoicesUK employs about 1,700 staff at its 170 stores across the UK as well as its website.
In April, the group warned the tough DVD market meant it was expecting bigger-than-expected losses despite a huge cost-cutting push.
The group is currently in the middle of a restructuring drive which aimed to save up to
The Peterborough-based firm said it had made the decision after attempts to refinance or sell the group had failed.
ChoicesUK employs about 1,700 staff at its 170 stores across the UK as well as its website.
In April, the group warned the tough DVD market meant it was expecting bigger-than-expected losses despite a huge cost-cutting push.
The group is currently in the middle of a restructuring drive which aimed to save up to