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| − | =='''Press Release – March 2007'''==
| + | #REDIRECT [[Template:Cite press release]] |
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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 fourteen 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 went into administration and all stores were closed by early 2007. Approximate extent of South Wales is an area of Wales bordered by England and the Bristol Channel to the east and south, and Mid Wales and West Wales to the north and west.
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| − | 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 – in recent years Hypervalue has owned the pleasure park.
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| − | In August 2006 fifty percent of the company was bought by Hilco, a company specialising in selling off assets from failing retail businesses. Four stores were sold to Buyology in October 2006 and four more in December 2006. Six stores were sold to back to Ian Rogers for his new business renamed Hypa-Xtra as part of a deal which saw Hilco agree to a joint venture to acquire and operate Barry Island Pleasure Park, plus the Dolphin bar and KR's nightclub in Barry.
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| − | Creditors of Hypervalue received 45p in the pound.
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