Deathwatch: HMV to enter administration
It’s no major surprise but the sad news is that HMV will appoint Deloitte as administrators in the morning, with 230 stores and 4,000 jobs in jeopardy.
The move comes a few days after the launch of a blue cross sale, with 25% knocked off the price of many items instore. Whether or not this was a last-ditch attempt to raise some revenue is unsure, but the administration news has leaked earlier this evening.
Weirdly, HMV is currently headed by Trevor Moore, former boss of Jessops. Erm…
If you've got an HMV gift voucher, GET IT SPENT ASAP.
EDIT: It has been announced that HMV will not be accepting gift vouchers.
TOPICS: High Street News