Tag Archives: hmv

HMV has detailed its intentions to close three of its stores by the end of January as the retailer enters negotiations with landlords across ten of its locations, citing the impossibility of contending with “extortionate business rates.” The music and entertainment specialist has admitted that such are current business rates, …

It spans the slate of 112 HMV stores currently trading and makes up an important part of the retailers plans for growth under the new leadership of Doug Putman’s Sunrise Records.

The purchase will secure 1,487 jobs but will still see 27 of the group’s stores close resulting in 455 redundancies.

He will be replaced by retail director Neil Taylor during a six-month transition period.

Poster specialist to supply goods to retailer until May 2016.

Ian Topping becomes CEO, while Hilco's boss Paul McGown takes on the role of chairman.

City source says grocer has been in talks with HMV's administrators Deloitte.

Long-running High Street retailer intends to file notice to appoint administrators.