Its 125 UK stores will remain open while talks with suppliers and potential buyers continue
HMV has become the first casualty of a slump in Christmas trade on the high street, collapsing into administration for the second time in six years and putting more than 2,200 jobs at risk.
The music and film retailer – which accounts for nearly a third of all physical music sales in the UK and nearly a quarter of all DVD sales – appointed insolvency experts from the accountancy firm KPMG as joint administrators at high court hearing late on Friday evening, to either find a buyer for the business or close it down.
Continue reading...from The Guardian http://bit.ly/2BMDkMq
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