Administrators announce further HMV London store closures

13:17 20 February 2013

Another 37 HMV UK stores are being closed, administrator Deloitte announced today. File picture: Paul Faith/PA Wire

Another 37 HMV UK stores are being closed, administrator Deloitte announced today. File picture: Paul Faith/PA Wire

More HMV workers face the axe after administrators announced the closure of more stores in London.

Stories in Enfield, Heathrow Terminals 1, 3, 4, 5 (departure level) and Leadenhall will shut over the next four to six weeks.

All affected staff will probably be made redundant, although there will be attempt to redeploy some at other stores, Deloitte said today.

The store closures come after 60 staff were let go by Deloitte across HMV’s head office network at Eastcastle Street in London, Marlow and Solihull nearly two weeks ago - including former HMV boss Trevor Moore.

Around 190 jobs had previously been cut by Deloitte in the chain’s head offices and distribution centres.

Nick Edwards, joint administrator at Deloitte, said the decision to shut the stores was made to “enhance the prospects of the restructured business continuing as a going concern”.

He added: “We are extremely grateful to the staff for their continued strong support and commitment during an understandably difficult period.

“All other key stakeholders including suppliers and landlords remain supportive and we appreciate their ongoing assistance.”

HMV had more than 220 stores and 4,120 staff when it hit the wall in January after failing to keep pace with internet rivals and supermarkets, whose scale has enabled them to offer CDs and DVDs at cheaper prices.

Related articles

Sign up for our news alerts today!

Our editors' picks for the day's top news delivered to your inbox or phone.

Sign up for email alerts Sign up for mobile alerts
1
2 3 4 5 6
7

Latest business news

Friday, August 28, 2015
Arina

Demystifying the process of growing companies securing funding from investors and lenders is the aim of the first event of its kind in the UK.

Tuesday, August 25, 2015
The Brew, Coffice

A co-working space in Tech City is perking up the office with a new concept space blending fast connectivity and artisan coffee on demand.

Tuesday, August 18, 2015
Computer class

New figures show, in the face of growing youth unemployment, vacancies for digital jobs is set to widen in the next year.

Sunday, August 9, 2015
Fiona McSwein

With cinema screenings, wine and cheese nights, yoga sessions in the office and increased working from home, one business is trying to show how flexible working is the future of the corporate world.

Thursday, August 6, 2015
Azimo Founders

The chief executive of a digital money transfer service, which has been recognised by the United Nations as one of the most comprehensive and best value transfer companies in the UK, has spoken about how technology is streamlining the money transfer sector.

Monday, July 27, 2015
Boddington

A leading tech boss has called for more action to get girls interested in STEM (science, technology, engineering and maths) subjects at school and for Tech City to become more multicultural.

Competitions

Shop till you drop!

Home to top name brands at great prices, TK Maxx is more like a treasure hunt than a shop. Perfect for grabbing a bargain or some hidden gems, you arm yourself with a trolley and go wild.

Read more
Scones, jam and a cup of Earl Grey anyone?

Luxury boutique hotel Flemings Mayfair has recently launched The Drawing Room, London’s most stylish location for afternoon tea.

Read more
Free weekly shop? Yes please!

Win £200 to spend at Asda, one of the country’s leading supermarkets. Asda prides itself in being one of the cheapest places to shop, so you can be sure that your money will go a long way here.

Read more

London Bloggers

Tuesday, August 18, 2015
The Cuban

The Cuban is set up like an old relative’s house in a tropical country – doors thrown open in welcome.

Monday, April 13, 2015
Vintage fashion shopping is a joy in London (Photo by Graham French/BIPs/Getty Images)

In with the old, out with the new. This is the mantra of the best London vintage shoppers today, whose aesthetic of effortless chic is becoming more sought after.