The Fopp record store is to close.
The chain, which began as a market stall in Glasgow, was well loved, not only for it's attractive pricing policy, but for the hundreds of instore gigs that were held around the UK.
A statement from the company reads:
"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.
"We would like to thank staff and customers for their support over the past 25 years"