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 Bedroom tax suicide woman would have escaped eviction or rent hike

2 Full military funeral for former RAF man

3 Patrols stepped up after new abduction attempts

4 Charity single for fallen soldier Conrad

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
Irish President left honoured and privileged after Coventry visit

THE PRESIDENT of Ireland spoke of his honour and privilege ...

Redditch Standard
Former Redditch cop returns to take on senior role

A SENIOR police officer who began his career in Redditch ...

Leamington Observer
What was this strange ring over Warwick?

READER Nikki Child is hoping maybe someone will be able ...

Stratford Observer
Stratford residents reminded to register to vote

RESIDENTS are being reminded to register to vote in the ...