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HMV to Close 66 Stores Across the UK

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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:

Ashton-under-Lyne
Ballymena
Barnsley
Bayswater
Belfast Boucher Road
Belfast Forestside
Bexleyheath
Birkenhead
Birmingham Fort
Blackburn
Boston
Bournemouth Castlepoint
Bracknell
Burton-upon-Trent
Camberley
Chesterfield
Coleraine
Craigavon
Croydon Centrale
Derry
Dumfries
Durham
Edinburgh Fort
Edinburgh Gyle Centre
Edinburgh Ocean
Edinburgh Princes Street
Edinburgh St James
Falkirk
Fulham
Glasgow – Fort
Glasgow – Silverburn
Glasgow Braehead
Huddersfield
Kirkcaldy
Leamington Spa
Leeds White Rose
Lisburn
Loughborough
Luton
Manchester 90
Moorgate
Newry
Newtonabbey
Orpington
Rochdale
Scunthorpe
South Shields
Speke Park
St Albans
St Helens
Stockton-on-Tees
Tamworth
Teesside
Telford
Trocadero
Wakefield
Walsall
Walton-on-Thames
Wandsworth
Warrington
Watford
Wellingborough
Wigan
Wood Green
Workington
Wrexham

[Via MCV]




 
 

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