HMV look set to go into administration tomorrow

Entertainment retailer HMV looks set to enter administration.

The firm employs around 4000 staff, and Deloitte are expect to be appointed administrators tomorrow morning.

There’s no news on what will become of the store’s staff or stores – it follows another large UK retailer (and supplier to many music photographers) Jessops closing all of its stores earlier in the week.

via. ITV

UPDATE: HMV has confirmed that administrators will be called in, and that they intend to trade while they look for a buyer (source: ITV’s Laura Kuenssberg)

Banquet Records has weighed in on the debate as well, and you can read JT’s thoughts here.

Music week have also commented on the state of affairs going forward

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Tom Aylott

Tom Aylott was our barnstorming editor for over half a decade before leaving mid-2014.

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