HMV boss 'made redundant'

HMV's chief executive is one of 60 further staff who have been made redundant by administrators, according to reports. Administrators say 66 HMV stores have been identified for closure over the next two months.

Report: HMV boss axed amid a further 60 redundancies

Music and video retailer HMV has made its chief executive Trevor Moore redundant among 60 staff that have been let go by administrators Deloitte, according to Reuters.

The news agency reports the job losses are to come from HMV's head office network in London, Marlow and Solihull.

Yesterday, the firm announced that 66 of its 220 shops are to close over the next two months, impacting 930 staff.

Mr Moore's reported exit comes weeks after he said he was "convinced" the future of the chain could be secured.

On the day HMV went into administration, he said bosses remained "passionate" about the retailer and would "like to be involved in the business going forward if the opportunity presented itself".

Talks are continuing between Deloitte and restructuring firm Hilco, which bought the company's debt.

Disgruntled consumers reflect on HMV closures

The announcement of HMV's administrators to close 66 stores of the music chain has received mixed reactions from Twitter users:

421c8c93e633acca91c6453d8b28e9ec_normal

How is #HMV closing down? I swear I buy enough stuff from that store to keep it going for another 5years!

Ea84406ca9abfad59b9437d1c52c7d68_normal

#HMV Sad day, when you can't go in & browse around, picking up things unexpectedly or finding that rare item you'd thought you'd missed! : (

K3oawnuzfnqjdesw8ftt_normal

I must be the only person I know that still buys CDs... #HMV i'll miss you

Advertisement

Former HMV tweeter reflects on retailer's 'special family'

Poppy Rose, who famously tweeted from HMV's official account as staff at Head Office were being told they were losing their jobs spoke today of the 'amazing HMV staff'.

6b93ca83be256572bfd1feeb34afb31e_normal

Thoughts are with all of the amazing hmv staff today. Such passionate and hard working people, part of a very special family! Very sad news.

Your comments: Age of High Street 'coming to an end'

The announcement of HMV store closures comes as no surprise to some on our Facebook page.

Stephen Webb The age of the high street is coming to an end, people just have to accept that. And anyone that shops online had literally no right to complain about this.

Marie Murphy Is this a surprise? Online shopping is the reason. So many people download music and films now!

Zachary Danger Martin How many branches did Edinburgh really need?

Add you own comment here.

HMV acknowledges 'invaluable contribution' of staff

434bce9aca4e54d1a5a146bcc3f09ec8_normal

We want to acknowledge the invaluable contribution of affected colleagues, who continue to work with great passion and dedication.

434bce9aca4e54d1a5a146bcc3f09ec8_normal

We also sincerely thank our customers in these locations for their valued support and we hope you will continue to shop at HMV

Last week, tweets appeared on the official HMV account showing the feelings of some staff losing their jobs at head office and within the distribution network.

Administrators name HMV stores set to close

The 66 stores identified for closure are:

Ashton-under-Lyne, Ballymena, Barnsley, Bayswater, Belfast Boucher Road, Belfast Forestside, Bexleyheath, Birkenhead, Birmingham Fort, Blackburn, Boston, Bournemouth Castlepoint, Bracknell, Burton-upon-Trent, Camberley, Chesterfield, Coleraine, Craigavon.

Administrators Deloitte announced the planned closures
Administrators Deloitte announced the planned closures Credit: Press Association

Croydon Centrale, Derry, Dumfries, Durham, Edinburgh Fort, Edinburgh Gyle Centre, Edinburgh Ocean, Edinburgh Princes Street, Edinburgh St James, Falkirk, Fulham, Glasgow - Fort, Glasgow - Silverburn, Glasgow Braehead, Huddersfield, Kirkcaldy, Leamington Spa, Leeds White Rose, Lisburn, Loughborough.

Luton, Manchester 90, Moorgate, Newry, Newtonabbey, Orpington, Rochdale, Scunthorpe, South Shields, Speke Park, St Albans, St Helens, Stockton-on-Tees, Tamworth, Teesside, Telford, Trocadero, Wakefield, Walsall.

Walton-on-Thames, Wandsworth, Warrington, Watford, Wellingborough, Wigan, Wood Green, Workington, Wrexham.

Advertisement

HMV closures expected over next two months

No fixed date is set for the closure of the 66 stores which will continue to trade for now. However, the planned closures are due to start over the next one to two months. HMV currently operates from 220 stores in the UK.

HMV in central London
HMV in central London Credit: Press Association

Nick Edwards, Joint Administrator, said: "As part of our ongoing review of HMVs financial position, we have now completed a review of the store portfolio and have identified 66 loss making stores for closure.

"This step has been taken in order to enhance the prospects of securing the business future as a going concern. We continue to receive strong support from staff and are extremely grateful to them for their commitment during an understandably difficult period.

"All other key stakeholders remain very supportive and I continue to be hopeful of securing a future for the restructured business."