Truro HMV to escape latest round of closures?
2:06pm Wednesday 20th February 2013 in News
The Truro HMV store is reported to have escaped the axe in the latest round of closures at the collapsed company.
Administrators for the businesshave announced a further 37 stores closures putting as many as 400 jobs at risk
Over 60 stores have alreday closed.
Joint administrator Nick Edwards said: "As part of our ongoing review of HMV's financial position, we have undertaken a further review of the store portfolio and have identified an additional 37 stores for closure.
"This step has been taken in order to enhance the prospects of the restructured business continuing as a going concern.
"Together with the previously identified 66 closures, this restructuring will result in a residual portfolio of some 116 stores."
While the stores that will close have yet to be announced, it is understood the |Truro branch is not on the list.