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12 Mar 2013 12:27

HMV rescue deal expected by the end of March - source

By Neil Maidment LONDON, March 12 (Reuters) - Administrators at British entertainment retailer HMV will push to secure a rescue deal for the firm before a big quarterly rent bill becomes due at the end of March, a source familiar with the situation told Reuters. The 92-year-old firm w

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22 Jan 2013 13:03

Hilco tightens grip on HMV with debt purchase - sources

LONDON, Jan 22 (Reuters) - Restructuring specialist Hilco has bought the debt of HMV, according to sources close to the situation, giving it a big influence in the fate of the British entertainment retailer which fell into administration last week. Hilco, which bought HMV Canada in 2011 and

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21 Jan 2013 13:43

HMV to accept vouchers, administrators upbeat

LONDON, Jan 21 (Reuters) - Administrators of HMV said the British music retailer would soon accept gift cards again, adding it was hopeful the firm would remain trading whilst a buyer is sought. HMV will accept vouchers from Tuesday, Deloitte, appointed administrators last week, said on Mo

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16 Jan 2013 21:35

UPDATE 1-HMV shuts Irish stores after receiver appointed

* Over 200 British stores remain open as Irish doors closed * Staff hold sit-ins in two stores as they wait on wages DUBLIN, Jan 16 (Reuters) - Music and video retailer HMV closed its 16 Irish stores on Wednesday after a receiver was appointed to assess their viability, a day after t

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16 Jan 2013 18:59

HMV shuts Irish stores after receiver called in

DUBLIN, Jan 16 (Reuters) - Music and video retailer HMV closed its 16 Irish stores on Wednesday after a receiver was appointed to assess their viability, a day after the company sought protection from creditors in Britain. After years of struggling against competition from online retailers

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16 Jan 2013 16:13

Hedge funds bet British retailers' troubles will deepen

* UK retail stocks top shorts in FTSE 250 * Online spending, falling consumer demand, hits retailers * Dozens of UK, U.S. funds bet against well-known brands By Tommy Wilkes LONDON, Jan 16 (Reuters) - Hedge funds are betting that a prolonged consumer squeeze and a further

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16 Jan 2013 15:35

UPDATE 1-DVD rental firm Blockbuster UK goes into administration

LONDON, Jan 16 (Reuters) - Entertainment retailer Blockbuster UK has gone into administration, appointing Deloitte to seek a buyer for all or parts of the business, just days after rival HMV hit the rocks. Deloitte, which took control of HMV on Tuesday, said on Wednesday Blockbuster's 528 stores wou

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16 Jan 2013 14:32

Entertainment retailer Blockbuster UK goes into administration

LONDON, Jan 16 (Reuters) - Entertainment retailer Blockbuster UK has gone into administration, appointing Deloitte to seek a buyer for all or parts of the business just days after rival HMV hit the rocks. Deloitte, which took control of HMV on Tuesday, said on Wednesday Blockbuster's 528 stores woul

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15 Jan 2013 18:50

UPDATE 2-HMV's future seen as handful of stores and website

* Deloitte appointed administrator, 4,123 jobs at risk * HMV will continue to trade while Deloitte seeks buyer * CEO says confident HMV will survive, has "a plan in mind" * Analysts see brand surviving but expect store closures By Neil Maidment and James Davey LONDON, Jan 15 (Reuters) - HMV, the 92-

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15 Jan 2013 12:54

HMV CEO says confident firm will survive

LONDON, Jan 15 (Reuters) - The boss of British music retailer HMV, which is seeking protection from its creditors, said he was sure an administration process would result in the survival of the 92-year old firm in some form. "I'm confident that we will find a solution," Chief Executive Trevor Moore

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15 Jan 2013 12:06

HMV's future seen limited to flagship stores and internet

By Neil Maidment and Kate Holton LONDON, Jan 15 (Reuters) - HMV, the long-established music retailer seeking protection from its creditors, is unlikely to have a future beyond a rump of stores and the internet, if other recent British retail failures are any guide. After years of struggling as its c

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15 Jan 2013 07:00

Tuesday newspaper round-up: HMV, Goldman, JP Morgan...

HMV, the high-street music and DVD store, is set to collapse into administration today, putting 4,000 jobs at risk. The looming failure of the entertainment chain, which was founded in 1921 and has 235 stores, emerged tonight as directors held a last-ditch meeting after failing to reach a new deal w

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15 Jan 2013 06:59

HMV shares to be suspended as music chain enters administration

Ailing high street music retailer HMV has entered into administration less than one month after it published interim financial results citing the possibility of it breaching banking covenants. HMV: Outlets may stay open as potential buyer is soughtThe chain, which first opened in 1921, has more tha

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14 Jan 2013 21:58

HMV confirms going into administration

LONDON, Jan 14 (Reuters) - British music and DVDs retailer HMV confirmed on Monday that it was calling in the administrators as talks over a deal to prevent an imminent covenant breach failed. "The board regrets to announce that it has been unable to reach a position where it feels able to continue

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14 Jan 2013 21:19

UPDATE 1-UK's HMV set to go into administration

By Neil Maidment and Rosalba O'Brien LONDON, Jan 14 (Reuters) - Music and DVD retailer HMV may announce as soon as Monday that it will call in the administrators, according to a source close to the company and media reports, bringing the curtain down on one of Britain's best-known high street store

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