Saturday October 24, 2020

HMV: statement on administration

"The Directors of the Company understand that it is the intention of the administrators to continue to trade whilst they seek a purchaser for the business."

15th January, 2013
HMV has issued a statement.

The following is the text of the statement issued by music and games retailer HMV today about its intention to appoint an administrator:

On 13 December 2012, the Company announced that as a result of current market trading conditions, the Company faced material uncertainties and that it was probable that the Group would not comply with its banking covenants at the end of January 2013. The Company also stated that it was in discussions with its banks.

Since...

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