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HMV close down more UK shops

Wednesday, February 20 14:43:24

The administrator behind the failed music chain HMV is set to close a further 37 stores and axe 464 jobs.

Deloitte said the stores would close over the next four to six weeks and would probably lead to all affected staff being made redundant, although it would try to relocate employees to other stores where possible.

Earlier this month it was announced that HMV's 16 stores across Ireland were to close for good, with the loss of 300 jobs. All of the Irish stores were said to be loss-making.

The latest blow will leave around 116 stores in the HMV chain, after Deloitte said 66 stores would close earlier this month, affecting nearly 1,000 staff.

The store closures come after 60 staff were let go by Deloitte across HMV's head office network at Eastcastle Street in London, Marlow and Solihull nearly two weeks ago - including former HMV boss Trevor Moore.

Around 190 jobs had previously been cut by Deloitte in the chain's head offices and distribution centres.

Nick Edwards, joint administrator at Deloitte, said the decision to shut the stores was made to "enhance the prospects of the restructured business continuing as a going concern".