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 M42 reopen nearly 10 hours after lorry overturned

2 Blythe Valley Park homes bid sparks anger

3 Joining forces to make a difference

4 MP shares gateway safety fears

5 Teenager jailed for Mahmood murder

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 »


Redditch Standard
The search is on to find Redditch and Alcester heroines

THE STANDARD has teamed up with the Aegon Classic – ...

Leamington Observer
Wellesbourne Market boss slams raids

REPEATED raids on Wellesbourne Market are a waste of public ...

Stratford Observer
Wellesbourne Market boss slams raids

REPEATED raids on Wellesbourne Market are a waste of public ...