The Straits Times
www.straitstimes.com
Published on Feb 08, 2013
 

British music chain HMV to shut 66 stores: Administrators

 
 

LONDON (AFP) - Collapsed British music retailer HMV will close 66 of its stores over the next two months in a move that will axe nearly 1,000 jobs, administrators Deloitte announced on Thursday.

"The joint administrators of HMV today confirm that 66 of the group's stores have been identified for closure," Deloitte said in a statement.

"The affected stores employ 930 staff. No fixed date is set for the closure of these stores which will continue to trade in the meantime.

"However, it is expected that closures will take place over the next one to two months."