Global Video

Global Video plc was a chain of British video rental stores which ceased trading in June 2006 after administration and renaming itself.[1] Before the company entered administration it ironically changed its name to Global DVD.[2] Global Video stores were largely concentrated in both Scotland and the North of England.

Global Video
TypePrivate
IndustryRetail
Founded1985
FounderMaq Rasul
DefunctJune 2006
FateAdministration
SuccessorGlobal DVD (2006–2007)
HeadquartersGlasgow, Scotland
Key people
Maq Rasul (CEO)
ProductsHome Entertainment
Video Rental

After entering administration, Maq Rasul, the chain’s founder, decided to give up running the business.[3] Mr. Rasul was ranked in Scotland’s Richest Asians in a survey published by Sunrise Radio in March 2005. They had some rivals such as Blockbuster Video, Tesco DVD and LoveFilm. The company announced a major expansion in April 2000.[4]

Finally in 2006 after many stock had been sold off, the last store closed after its last batch of products were sold. The store ceased to trade and it was the final store in the group. About the closure, Mr Rasul was quoted as saying; “If I see one more Paddy Power franchise in my area, I’ll kill everyone in it, and then myself.”

See alsoEdit

ReferencesEdit

  1. ^ "Video rental firm facing closure". news.bbc.co.uk. 9 June 2006. Retrieved 12 May 2015.
  2. ^ "280 jobs go as Global DVD chain collapses". heraldscotland.com. 14 June 2007. Retrieved 12 May 2015.
  3. ^ "Global Video owner gives up firm". heraldscotland.com. 9 June 2006. Retrieved 12 May 2015.
  4. ^ "Global Video store expansion to create 350 jobs". highbeam.com. 2 April 2000. Archived from the original on 24 September 2015. Retrieved 24 September 2015.