Truro HMV store escapes first round of closures (From Falmouth Packet)

Truro HMV store escapes first round of closures

7:00am Friday 8th February 2013 in News

The Truro HMV store has escaped the first round of closures, according to the administrators, Deloitte.

Sixty six of the music and DVD retailer's stores will close, with 930 staff afffected.

Jobs have already been lost at HMV's head office and distribution network.

HMV entered administration in January, but no dates have been set for the store closures, which will contin ue to welcome customers.

Nick Edwards, joint administrator at Deloitte, said: "This step has been taken in order to enhance the prospects of securing the business' future as a going concern," 

"We continue to receive strong support from staff and are extremely grateful to them for their commitment during an understandably difficult period. All other key stakeholders remain very supportive and I continue to be hopeful of securing a future for the restructured business."