Tag Archives: hmv

HMV will close 66 stores over the next six weeks as part of its administration. MCV understands an announcement will be made later today on which stores will be closed, and that staff had been informed this morning. It was widely expected that administrators Deloitte would cut HMV’s store base …

Believe the doom mongers and you’ll believe that games retail won’t exist in ten years time. We think it will, just in a radically different form. Traditional video games retail is dying. If you want the proof then simply look at the nightmare that has engulfed HMV and Blockbuster over …

The woman behind HMV’s famed Twitter outburst last week has refused to apologise for her actions. Last Thursday administrator Deloitte shed around 60 jobs from the retailer’s head office – one of whom was Poppy Rose, who was also in charge of HMV’s Twitter account. Here’s a look at the …

Troubled retailer HMV has sold its shares in nightclub chain G-A-Y Limited, administrator Deloitte has confirmed. G-A-Y founder and fellow shareholder Jeremy Joseph has moved to acquire a majority shareholding. "We are pleased to have completed the sale of HMV’s shareholding in G-A-Y to the natural purchaser of this stake …

Administrator Deloitte is preparing to close anything up to 100 HMV stores, reports claim. The Telegraph reports that between 60-100 stores face the chop, although they will likely remain open until they have exhausted their stock – possibly short-term good news for consumers, at least. The final list of stores …

This week’s MCV – which isnow available to view online– analyses the collapse of THQ and reveals what games retail will look like in ten years time. We also discuss the growing Nordic Territory, while UKIE’s Jo Twist talks about curing the confidence crisis impacting the UK games industry. And …

Around 60 staff at HMV have just been told that they have lost their jobs. The news comes from HMV’s head of technology and games Ewan Pinder, who is amongst the casualties. The last two years at HMV have been a blast,” he said on Twitter. Now to the future!! …

A fresh spate of HMV store closures and job losses are likely to be announced by the end of the week. Retail Week reports that administrator Deloitte has apparently set a deadline of today for any expressions of interest in the retailer. Offers for HMV real estate will continue to …

Hilco’s bid for HMV’s debt was not the highest on the table, it has been claimed. The Telegraph reports that the eight-bank syndicate of lenders including RBS and Lloyds who are owed the bulk of HMV’s outstanding debt feared that their reputations would be tarnished were they to turn the …

HMV now looks very likely to survive on the UK High Street – at a price. The Daily Mail reports that Hilco could close around half of HMV’s 223 UK stores in the hope that a streamlined version of the chain can live on. It’s the same strategy that the …