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 Ex-MEP on money laundering charge

2 First Jaguar to be built in Solihull launched

3 Villagers in battle to evict travellers

4 Hearing first hand about Roddy

5 Powergen plans to go on show

More news »

Hunt for burglar who breached court order

POLICE are searching for a burglar who failed

Lorry driver admits killing girl in M6 crash

A FAMILY has described how their lives have

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

Regional news »


Coventry Observer
Coundon Care Centre celebrates 30th birthday in style

A CHARITY that helps care for elderly people in the ...

Redditch Standard
Pensioner admits benefit fraud

A WYTHALL benefit cheat pleaded guilty to fraudulently claiming more ...

Leamington Observer
Motor Neurone Disease group support Kenilworth family

MEMBERS of a Motor Neurone Disease support group are taking ...

Stratford Observer
Falcon Hotel set for £6 million facelift

THE HISTORIC Falcon Hotel in the centre of Stratford is ...