Business Standard

Britain's HMV Retail could enter administration: Sky News


(Reuters) - HMV Retail Ltd, Britain's biggest high-street music retailer, could enter administration for the second time in six years and cut 2,200 jobs, Sky News reported on Friday, citing sources.
Sky News reported that the company, which gave the Beatles one of their first big breaks, filed a notice of intention to appoint administrators last week amid desperate last-ditch talks with suppliers.
HMV was rescued in 2013 when restructuring specialist Hilco bought it in a deal worth about 50 million pounds.
(Reporting by Samantha Machado in Bengaluru; Editing by Sai Sachin Ravikumar)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 28 2018 | 2:31 PM IST

Explore News