Troubled entertainment retailer HMV is to close another 37 stores with the loss of 464 more jobs, according to the administrators. Joint administrator Nick Edwards said: “As part of our ongoing review of HMV’s financial position, we have undertaken a further review of the store portfolio and have identified an additional 37 stores for closure. … Continue reading
Almost 1,000 HMV staff are facing redundancy as administrators for the failed music store chain revealed they will close 66 shops across the country. The loss-making stores, including all five Edinburgh sites, three in Glasgow and four in London, will close over the next two months and comes as administrators from Deloittes plan to sell … Continue reading
The chief executive of HMV, Trevor Moore, has given an impassioned defence of the chain, which will formally slide into administration on Tuesday, insisting it still deserves a place on Britain’s high streets. “Ian [Kenyon, HMV’s finance director] and I are really passionate about working with the business,” said Moore, the former Jessops boss who … Continue reading