May 19, 2013

HMV administration all but confirmed

The administration of HMV has been all but confirmed as multiple news outlets are indicating that Deloitte will be appointed as administrator.

According to the Independent, HMV will announce tomorrow that Deloitte has been appointed as its administrator.

According to reports, suppliers have refused to provide HMV with an additional £300m financing which will force the company into administration as of Tuesday.

Speak Your Mind