Equity firm buys HMV's debt
A Canadian private equity firm has bought the debt of struggling music retailer HMV.
A Canadian private equity firm has bought the debt of struggling music retailer HMV.
An MP has contacted the HMV administrator to ask it to ensure that all money made on a charity single in aid of the Hillsborough families is paid to them.
Liverpool Walton MP Steve Rotheram has contacted Deloitte, the administrator brought in by HMV earlier this week, to ensure that all money made on the sale of the Justice Collective's Christmas single is paid to the families.
The proceeds of the sale of the single, which was Christmas number one, is for the families' continued fight for justice for the 96 victims of the Hillsborough disaster in 1989.
Mr Rotheram said HMV was "first class" in the way it promoted and sold the single over the Christmas period and hosted the launch in its Liverpool store.
Following outrage from customers, the administrators running HMV have announced they will honour gift vouchers for the high-street chain.
HMV is not honouring its gift vouchers, leading to an uncertainty that is threatening to change the way Britain gives its gifts.
The boss of HMV said he is confident a solution can be found to keep the brand on the High Street. In what form, however, is less clear.