HMV goes into administration for second time in six years

HMV Credit: PA

HMV has fallen into administration for the second time in six years leaving uncertainty for the future of the region's stores.

The entertainment retailer confirmed they had called administrators in from KPMG following a weak Christmas period.

The executive chairman of HMV - and its owner Hilco Capital which purchased the company in a 2013 rescue deal - said deterioration in the UK CD and DVD market made the situation "unsustainable".

The company has more than one-hundred stores across the country. HMV say they will continue to trade when negotiations with suppliers and potential buyers are ongoing.