HMV, Britain's biggest retailer of CDs and DVDs, has confirmed plans to appoint Deloitte as an administrator and immediately suspend trading of its shares while a buyer is sought for the business.
HMV, which operates 26 shops on the island of Ireland, has been “unable to reach a position where it feels able to continue to trade outside of insolvency protection,” the company said.
Once appointed, the administrators plan to continue operations while seeking...
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