HMV to close 66 stores
Over the next month or so HMV will close 66 of its stores, which employ around 930 people as part of its administration.
This was an expected move by administrators Deloitte, so that they can make the business more attractive to potential buyers such as Hilco UK.
Although the news of store closures is disappointing, the cuts are less than expected, as it was claimed that over 100 stores could be closed.
Our thoughts go out to the stores and staff members affected, which I’m sure we’ll be informed of shortly.