THE RETAIL BULLETIN - The home of retail news
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Health & Beauty
General Merchandise
Sports & Leisure
Retail Solutions
Food & Drink

I don’t believe in ghosts, but I could swear that I’ve just seen a Virgin Megastore half way up the Champs-Élysées. by Angela Beevers


I don’t believe in ghosts, but I could swear that I’ve just seen a Virgin Megastore half way up the Champs-Élysées. by Angela Beevers

I thought that the music and DVD retailer was long since dead and buried after its new owners in the UK rebranded their stores Zavvi, before sadly descending into insolvency. But here in Paris, on a street with some of the world’s highest retail rental rates, the much-loved UK-born brand soldiers on. It’s one of many pleasant surprises to be found of the French capital’s shopping streets.

In fact, the Virgin Megastore chain survives all over France with more than 30 branches owned by Butler Capital Partners and Lagadère Group.

However, they face strong competition from the native Fnac, which would  appear to have a more future-proof and robust business model. This chain of entertainment superstores not only sells CDs and DVDs, it also supplies a full selection of books, TVs, computers, hi-fi equipment, mobile phones, MP3 players and basically all things digital, with dedicated areas for a good range of Apple products. In addition, it is a leading ticket agency.

By taking a much broader approach to selling entertainment, Fnac would appear to be better placed to avoid the difficulties that took out Zavvi and are now impacting on HMV/Waterstones. It has been expanding internationally with stores in Belgium, Brazil, Italy, Portugal, Spain, Switzerland and Taiwan, and also has a strong online business. Back in 2007, Fnac has expressed an interest in entering the UK market with a store in London.

This is the third in a series of short postings prompted by a recent flying visit to Paris.


Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News


Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy