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HMV chain to appoint administrator

Posted at 11:23PM Monday 14 Jan 2013

Music and DVD chain HMV, which employs about 4,350 staff, has confirmed it will appoint an administrator, making it the latest High Street casualty.

Deloitte will run the 239-store chain while it assesses prospects for the business and seeks potential buyers.

Trading in HMV shares on the London Stock Exchange is being suspended, the company said in a statement.



Telegraph: Statement from Deloitte

Guardian: HMV on Oxford Street a history in pictures

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