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HMV, Here We Go Again!
Seems like we've been here before.
Music retailer HMV has confirmed it is calling in KPMG as administrators.
The move, the second in six years, involves 2,200 staff at 125 stores.
Owners Hilco, which took the company out of its first administration in 2013, blamed a “tsunami” of retail challenges, including business rate levels and the move to digital.
It said the stores would continue to trade while negotiations were held with major suppliers and it looked for buyers.
I feel for the people that work there. Their xmas spirit must be sky high right about now
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