HMV reportedly poised to call in administrators

Suffolk/Essex/UK: Music retailer HMV reportedly poised to call in administrators

By Chris Harris Monday, January 14, 2013
9:23 PM

TROUBLED music retailer HMV is today poised to call in administrators, according to reports.

Directors for the music retailer are in talks about the company’s future, and accountancy firm Deloitte could be waiting in the wings, Sky News said.

The retailer has branches in Bury St Edmunds, Ipswich, Colchester and Chelmsford.

A number of options were reportedly being discussed by the HMV board, and it is thought an announcement will be made tonight.

The chain employs more than 4,000 people across almost 240 stores in the UK and Ireland.

Deloitte declined to comment.

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