City loses Fopp shops as chain ceases trading

A MAJOR music retailer with two Edinburgh stores has announced it has gone out of business.

Bosses for Fopp, the music retail store built into a national chain from a single market stall in Glasgow, said that it had ceased trading following days of speculation over its future.

The retail chain currently runs stores on Cockburn Street and Rose Street and has dozens of branches across the UK.

A spokesman for the company said: "It is with great regret that we announce the closure of Fopp. Our store chain is profitable, well regarded and loved by our loyal customers and staff.

"However we have failed to gain the necessary support from major stakeholders, suppliers and their credit insurers to generate sufficient working capital to run our expanding business."