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The latest speculation is that Virgin Group is feeling the impact of the recent collapse of Woolworths.
Zavvi - which was formerly owned by Virgin Megastores - was relying on Woolworth's wholesale operation to supply it ahead of Christmas. However, Woolworths went into administration.
As a result, Zavvi had to pay cash up front to other suppliers - a bill which, under the terms of the agreement to sell the company, Virgin is having to foot, according to the Financial Times.
Woolworths, meanwhile, is reported by the Guardian to be about to launch its largest ever sale, with discounts of up to 50 per cent.
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