Hypervalue

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HYPER VALUE (HOLDINGS) LIMITED was incorporated in 1980 by Ken Rogers, the Founder and then Chairman of the Hypervalue Group. It was best known for the discount retail stores that encompassed the whole of South Wales, extending into the South West of England and as far away as Southampton. As of late 2006 the company entered into a creditors voluntary arrangement. The final Hyper Value store, and formerly the group's flagship store at Pontypridd closed Friday 14th September 2007.

The retail group started as a market stall held by Ken Rogers which he leased on the Barry Island Pleasure Park around 25 years ago - later on Hypervalue owned the pleasure park.

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[edit] Financial problems

In August 2006 50% of the company was bought by Hilco, a company specialising in selling off assets from failing retail businesses. [1] 4 stores were sold to Buyology in October 2006 and 4 more in December 2006. [2] 6 stores were sold to Ian Rogers for his new business Hypa Xtra as part of a deal which saw Hilco agree to a joint venture to acquire and operate Barry Island Pleasure Park, Dolphin bar and KR's nightclub in Barry.[3]

Creditors received 45p in the pound.

[edit] Trivia

  • Hyper Value features in the lyrics to the song 'Guns Don't Kill People Rappers Do' by Goldie Lookin' Chain

[edit] References

  1. ^ Hilco UK Ltd (26 August, 2006). "HILCO UK ACQUIRES 50% SHAREHOLDING IN HYPER VALUE (HOLDINGS) LIMITED". Press release. Retrieved on 2007-05-19.
  2. ^ Hilco UK Ltd (4 January, 2007). "HILCO SELLS HYPER VALUE STORES AND REAL ESTATE". Press release. Retrieved on 2007-05-19.
  3. ^ Hilco UK Ltd (12 December, 2006). "HILCO ANNOUNCES THE SALE OF SIX HYPER VALUE STORES". Press release. Retrieved on 2007-05-19.

[edit] External links

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