HMV to accept gift cards - administrators

Monday 21 January 2013 Updated: 31/01 09:33

Latest News

HMV stores will begin to accept gift cards again from Tuesday.

Administrators announced the move almost a week after their use was suspended when the music store confirmed its financial troubles.

They have also confirmed proceeds raised by HMV through the sale of charity releases (including the Hillsborough Justice Collective single) would be paid in full as soon as possible.

There are believed to be significant interest from potential buyers of the brand.

Nick Edwards, from Deloitte, said: "Since our appointment as joint administrators on Tuesday afternoon, we have been urgently assessing HMV's financial position.

"We recognise that both of these matters have caused concern for individuals and organisations affected and are pleased to have reached a positive outcome.

"We will continue to assess the longer term options for the business whilst continuing to trade. I am hopeful this process will result in the business continuing as a going concern."

Share This

Popular »

1 Solihull set for Fun in the Park 2014

2 Fun in the park

3 Tributes paid to victim of Shirley car smash tragedy

4 Tributes laid at fatal crash scene

5 Prince Harry steers the Games at Gaydon

More news »

Parents meet as council objects to Tudor Grange proposals

SOLIHULL Council has criticised Tudor Grange Academy’s proposed

Birmingham City footballer robbed of £30,000 watch

BIRMINGHAM City footballer Peter Lovenkrands' diamond-encrusted watch was

Police issue CCTV image after assault on train

POLICE are looking for this man after an

Police shame time wasting 999 callers

A PROBLEM getting served at McDonalds and forgetting

Regional news »


Coventry Observer
Cyclist dies after early morning crash in Binley

A CYCLIST has died following a crash in Binley in ...

Redditch Standard
Corking day on offer

A CORKING day is in store as the annual Headless ...

Leamington Observer
Warwick Castle lodges plan upsets neighbours

DISGRUNTLED neighbours living next to Warwick Castle say it is ...

Stratford Observer
Planning milestone reached for Stratford District Council

A MILESTONE was reached this week as council chiefs finally ...