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Tag Archives: deloitte

HMV removing closing signs, possible buyout imminent

HMV Gloucester

It’s thought that with HMV’s rental payment looming, someone or some entity is going to swoop in and save it, as a few stores have begun removing “closing down” signs from their windows. The particular outlets that have got rid of the woeful signs, include: Stockport, Manchester Market Street and …

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HMV Guernsey enters administration

Guernsey

One more arm of the high street media retailer HMV has now entered administration. Guernsey may not be the biggest market, but it’s another tumbling domino that paints a bleak future for the shop chain. Unfortunately for those that are employed in the Guernsey store, the single outley was used …

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More HMV store closures announced

Deloitte, the administrator for beleaguered tech firm HMV, has announced the closure of another 37 outlets, meaning another 464 staff will be let go in the process. This brings the total number of shuttered stores to over 100, on top of the closure of all ROI outlets. This latest move …

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HMV lays off 60 at head office

HMV

Following on from yesterday’s story that administration firm Deloitte was set to shut 66 HMV locations around the country, we now have more details on which ones those will be and we’ve just heard that as many as 60 staff at the company’s head quarters will be let go as well. One …

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HMV announces impending closure of 66 shops

HMV

HMV administrator Deloitte has just announced that in the next two months, 66 stores will be closed, which will affect over 900 staff members – though it’s not clear all of them will be let go. “As part of our ongoing review of HMV’s financial position, we have now completed …

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HMV set to shutter 100 stores

Following on from the recent debt buyout by Hilco, the owners of HMV Canada, it has been announced that the UK arm of HMV will be shutting up to 100 stores in the near future, putting 1500 jobs at risk. It may not be the full amount as it’s thought …

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Hilco saves HMV

HMV

For those of you that were feeling sad and nostalgic for the long time high street retailer HMV, fret not, as Hilco, the company that bought up HMV Canada a couple years ago, has now stepped in and put the brakes on HMV’s demise and has promised to restructure and …

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Blockbuster closing 160 stores

Blockbuster

The administration firm for Blockbuster, Deloitte – which is becoming more of a household name at this point than the companies it’s administering – has announced that 160 Blockbuster stores will close. “Having reviewed the portfolio with management, the store closure plan is an inevitable consequence of having to restructure …

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HMV accepting gift vouchers once again

If you tore up your HMV gift vouchers in disgust since the announcement that it would no longer be accepting them due to its administration, you’re about to get more annoyed, as they’ve just been reinstated by administrator Deloitte. When it was initially announced that vouchers could no longer be …

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Comet dying due to Deloitte’s doomsday deal?

When a company enters administration, one of the first things they do is blow out any remaining stock to get cash in – so that the business can be kept alive while a rescue plan is put in place. Comet seems to be going with a different strategy. KitGuru drives …

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