Tuesday, January 15, 2013

HMV Collapse: Gift Cards And Vouchers Invalid

HMV has confirmed it will not be accepting gift cards or vouchers from customers as the retailer prepared to collapse into administration.

The company confirmed its intentions following a board meeting last night, as exclusively revealed by Sky's City Editor Mark Kleinman.

In its statement, HMV - which employs 4,350 people - said its 238 stores would remain open while administrators Deloitte sought a buyer.

It added that trading in HMV's ordinary shares had ceased.