– Nick Edwards, joint administrator and restructuring services partner at Deloitte
HMV is an iconic retailer and continues to be a very popular brand, but as we have seen with many high street retailers, the market is changing rapidly and conditions are currently very tough.
Following our appointment, we are working closely with management and staff to stabilise the business in order to continue trading whilst actively seeking a purchaser for the business and assets.
We appreciate the co-operation and support from the staff, customers, suppliers and landlords at what is clearly a difficult time.
A Canadian private equity firm has bought the debt of struggling music retailer HMV.