There had been some last-minute attempts to save Fopp from closure, the most notable of which was a proposed merger with Virgin Megastores. The deal fell through because the figures "didn't add up" and Fopp's suppliers weren't keen to embrace dealing with a Virgin-Fopp force.
Of course, Virgin's track record of running a smaller chain, one more enthusiastic about retailing music, alongside its main business isn't great - Our Price went from cool-for-a-chain, to couldn't-care-less, before turning into V-Shops and disappearing completely.
Even more surprisingly, Virgin had also had talks about a link-up with fellow struggling high street musical chain HMV.
Fopp issued a statement marking their closure:
"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."