HMV to Close 66 Stores Across the UK
Written Thursday, February 07, 2013 By Dan WebbView author's profile
In an attempt to make HMV a more attractive prospect for potential buyers, HMV's administrators, Deloitte, are set to close 66 stores across the UK to drastically cut its running costs.
Hilco UK, who operate HMV Canda, is still in prime position to acquire the firm after acquiring its debt last month and this latest move is to "enchance the prospects of securing the business future," according to Deloitte administrator, Nick Edwards.
"As part of our ongoing review of HMV’s financial position, we have now completed a review of the store portfolio and have identified 66 loss making stores for closure," said Edwards.
“We continue to receive strong support from staff and are extremely grateful to them for their commitment during an understandably difficult period," continued Edwards, "All other key stakeholders remain very supportive and I continue to be hopeful of securing a future for the restructured business.”
The closure is set to impact 930 staff.
HMV aren't out of the doldrums yet, but this move is set to make their business a more attractive package for would-be buyers.
The full list of those 66 "loss making stores" is as follows:
Belfast Boucher Road
Edinburgh Gyle Centre
Edinburgh Princes Street
Edinburgh St James
Glasgow – Fort
Glasgow – Silverburn
Leeds White Rose