Equity firm buys HMV's debt
A Canadian private equity firm has bought the debt of struggling music retailer HMV.
Administrators: HMV gift cards to be honoured
Joint Administrators to HMV have confirmed that gift cards can be redeemed in stores from Tuesday.
They also confirmed that proceeds raised by HMV through the sale of charity releases, including the Hillsborough Justice Collective single, will be paid in full as soon as possible.
Joint Administrator Nick Edwards added:
-
HMV's gift to angry customers
Following outrage from customers, the administrators running HMV have announced they will honour gift vouchers for the high-street chain.
-
Inconsistency in failing firms redeeming gift vouchers
HMV is not honouring its gift vouchers, leading to an uncertainty that is threatening to change the way Britain gives its gifts.
-
HMV boss confident the brand can stay on the High Street
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.