HMV Set to Suspend Shares and Appoint Administrators

By Chris Mills on at

It's what it says on the tin, folks. Hot on the heels of Comet and Jessops last week, the BBC is reporting that HMV is going to be the latest of the high street stores to bite the dust, with shares suspended from trading and Deloittes rumoured to be appointed as administrators in the morning. We should have a definitive statement tomorrow AM. It's a grim start to 2013 for Britain's retailers.

The news comes after HMV spent this evening in emergency talks with lenders, and I guess if the rumours are true then they haven't exactly been successful. HMV has 235 shops and 4,000 employees in the UK; what exactly will happen to them, and where people will go in future to buy Now That's What I Call Music 83 is uncertain. [BBC]