Chartbusters
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Chartbusters was an Irish video rental chain founded by former Xtra-vision chief executive, Richard Murphy.
History
Chartbusters was founded by Richard Murphy following his departure from Xtra-vision in 1990.[1] His exit contract with the latter included a non-competitive clause that ran until 1994. Chartbusters was registered on 28 July 1993 as Chartbusters Limited. The chain rented out VHS/DVDs and games, and sold VHS/DVDs, computer games, cassettes and books. The first two locations opened in Tallaght and Blanchardstown.[2]
Stores
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The first store that opened was in Blanchardstown followed by the second in Tallaght,[2] both of which were classed as superstores and were reported to be generating £6,500 to £7,000 per week in 1994.[3] In 2003, stores began to offer stand tanning under the company's tan.ie branding in the outlets.[4][5] At the height of their popularity, in 2004, the chain had 52 stores across Ireland.[6] By 2009, there were 44 stores open.[7]
On 21 January 2011, a fire broke out in the vacant Chartbusters store in Stillorgan resulting in the adjacent restaurant and Mill House pub to be evacuated.[8][9]
Liquidation
In 2009, Chartbusters' debts mounted to €20 million and they declared that they had gone bust, later going into examinership.[10][11] The company made an announcement that they were to cease trading on 29 October 2010 with the loss of 87 jobs.[12][13][14] The petition for winding up was struck out on 15 November 2010.[15]
References
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