HMV products stay on sale after trading agreements

The administrators of HMV have confirmed today that trading agreements are now in place with many of HMV's suppliers, meaning that major film, music and gaming releases will stay on sale in HMV shops over the next few weeks.

Nick Edwards, Joint Administrator, commented:

We are pleased that these agreements are now in place, allowing us to replenish stock and bring in new titles.

The support of suppliers over the past few weeks has been significant and these agreements demonstrate their ongoing commitment to supporting HMV.

Good progress has been made to date and we have received a positive level of interest in the business.

Discussions are progressing with a number of parties interested in both the business as a going concern and individual assets despite the high fixed cost base associated with a store network.

– Nick Edwards, Joint Administrator