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DP World Acquires Assets of Utopia Distribution Services Limited as It Collapses

DP World Acquires Assets of Utopia Distribution Services Limited as It Collapses

12/14/24, 4:55 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/GB.svglondon
Money
$4.41 million
Industry
music
Type
partnership
Utopia Distribution Services Limited has filed for administration, and DP World has acquired the company's assets in a 'pre-pack' administration deal. Utopia Accelerate (UK) Limited, a part of Utopia's royalty advance business, is also affected by the collapse, with significant debts owed to various creditors, including its Swiss parent company.

Company Info

Company
Utopia Distribution Services Limited
Location
london, england, united kingdom
Additional Info
Utopia Distribution Services Limited, a company handling the distribution of a significant percentage of major labels’ physical music products sold in the UK, has faced financial difficulties and subsequently collapsed.