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UK's HMV set to go into administration - source
Mon, 14th Jan 2013 20:09
LONDON, Jan 14 (Reuters) - British music and DVD retailerHMV will announce on Monday that it will appointDeloitte as its administrator, a source close to the companysaid. HMV has struggled in declining music, DVD and games marketsand in December warned a breach of its banking agreements waslikely after a poor start to Christmas trading. The firm has a total of 239 stores in the UK and Ireland andemploys around 4,350 staff.
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