Et wi cela devai arrivé ... VP Records achète Greensleeves !!! Ce sont les dernié temp de greensleeves malheureusement pour eux mais ils serait victime de difficulté à vendre leur produit du a la concurence des preske 30 ans de VP !!!
PLus d'infos ici :
LONDON (SHARECAST) - Shares in Zest rallied after the music firm announced that it has agreed to sell reggae music label Greensleeves to VP Records for £3.1m in cash.
The proceeds from the disposal will be used to repay borrowings of £1.8m, settle outstanding creditors, meet the expenses of the transaction, estimated to be £325,000, and provide working capital for the future.
On completion, Marcus Lee will step down as finance director, while chief executive Steve Weltman will be entitled to receive a bonus of £90,000 in consideration of his project management of the transaction, but has agreed that his annual salary will be reduced to £75,000.
Since the acquisition of Greensleeves in March 2006, Zest has been loss making and has been faced with servicing the borrowings taken out to finance the acquisition. The group said it will have to raise further funding if the disposal does not proceed.
“The music industry is currently experiencing very difficult market conditions against a background of considerable structural change,” said the group.
“These difficult market conditions have been particularly pronounced in the US retail market, the major market for Greensleeves, which has seen the closure of a number of significant retail outlets and, in those which remain, a trend towards seeking to restrict space for genre music in favour of mainstream label releases,” it added.
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Sujet: VP buy Greensleeves 
