HMV's administrators Deloitte have issued an update on the state of the troubled retailer:
Following the news earlier today of Hilco’s acquisition of HMV’s secured debt, the Administrators will work closely with them, as secured lender, as we continue to seek a positive outcome for the business.
Stores continue to trade and at this time we remain hopeful of securing a long-term future for HMV as a going concern.
Following outrage from customers, the administrators running HMV have announced they will honour gift vouchers for the high-street chain.
HMV is not honouring its gift vouchers, leading to an uncertainty that is threatening to change the way Britain gives its gifts.
The boss of HMV said he is confident a solution can be found to keep the brand on the High Street. In what form, however, is less clear.