Chartbusters Explained

Chartbusters
Type:Private limited company
Industry:Video rental
Founder:Richard Murphy
Fate:Liquidation
Num Locations:16
Num Locations Year:2010
Area Served:Ireland

Chartbusters was an Irish video rental chain founded by former Xtra-vision chief executive, Richard Murphy.[1]

History

Chartbusters was founded by Richard Murphy following his departure from Xtra-vision in 1990.[2] The company was registered on as Chartbusters Limited.[3] The chain rented out VHS/DVDs and games. In addition to this, they also sold VHS/DVDs, computer games, cassettes and books.[4]

Stores

The first store that opened was in Blanchardstown followed by the second in Tallaght, both of which were classed as superstores and were reported to be generating £6,500 to £7,000 per week in 1994.[5] [6] In 2003, stores began to offer stand tanning under the company's tan.ie branding in the outlets.[7] [8] At the height of their popularity, in 2004, the chain had 52 stores across Ireland.[9] By 2009, there were 44 stores open.[10]

On, a fire broke out in the vacant Chartbusters store in Stillorgan resulting in the adjacent restaurant and Mill House pub to be evacuated.[11] [12]

Liquidation

In 2009, Chartbusters' debts mounted to €20 million and they declared that they had gone bust, later going into examinership.[13] [14] The company made an announcement that they were to cease trading on with the loss of 87 jobs.[15] [16] [17] The petition for winding up was struck out on .[18]

Notes and References

  1. News: 12 June 1994 . Video stores chop prediction . 2 . . 2023-12-20 . Irish Newspaper Archives.
  2. Web site: 10 May 2003 . Richard Murphy . 2023-12-20 . Independent.ie . en.
  3. Web site: Chartbusters Limited - Irish Company Info - SoloCheck . 2023-12-20 . www.solocheck.ie.
  4. News: Lattimore . John . 8 December 1993 . Murphy returns to take on Xtra-Vision . 22 . . 2023-12-20 . Irish Newspaper Archives.
  5. News: Keane . Terry . Terry Keane . 9 January 1994 . An Xtra love for turn-again Dick . 28L . . 2023-12-20 . Irish Newspaper Archives.
  6. News: Guerin . Veronica . Veronica Guerin . 3 April 1994 . Vouchers may cost Xtravision £6.5m . 2 . . 2023-12-20 . Irish Newspaper Archives.
  7. Web site: 23 June 2003 . Chartbusters Home Entertainment . 2023-12-20 . https://web.archive.org/web/20030623120448/http://www.chartbusters.ie/about.htm . 23 June 2003 .
  8. Web site: 20 June 2003 . Home . 2023-12-20 . https://web.archive.org/web/20030620222855/http://www.tan.ie/ . 20 June 2003 .
  9. Web site: 2004-07-27 . Chartbusters Home Entertainment . 2023-12-20 . https://web.archive.org/web/20040727032024/http://www.chartbusters.ie/ . 27 July 2004 .
  10. Web site: 16 Jan 2009 . Store locations... . 2023-12-20 . https://web.archive.org/web/20090116122808/http://chartbusters.ie:80/stores/rest.htm . 16 January 2009 .
  11. Web site: 2011-01-23 . Diners forced to evacuate after fire outbreak . 2023-12-20 . Independent.ie . en.
  12. Web site: 2008-09-29 . Fire on Lower Kilmacud Rd. (Chartbusters) . 2023-12-20 . boards.ie - Now Ye're Talkin' . en.
  13. Web site: 8 January 2009 . Chartbusters goes bust as debts mount up to €20m . 2023-12-20 . Independent.ie . en.
  14. News: Court told 17 Chartbusters shops to close . 2023-12-20 . The Irish Times . en.
  15. News: 29 Oct 2010 . Chartbusters to cease trading . 2023-12-20 . The Irish Times . en.
  16. Web site: 29 Oct 2010 . Chartbusters to close all 16 stores . RTE.ie.
  17. Web site: 2010-10-30 . 87 jobs are lost as Chartbusters shuts DVD stores . 2023-12-20 . Independent.ie . en.
  18. Web site: Chartbusters Limited - Irish Company Info - Vision-Net . 2023-12-20 . www.vision-net.ie.

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