Administrators are appointed for HMV

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Deloitte has been appointed as administrators for struggling music and entertainment retailer HMV.

Nick Edwards, Rob Harding and Neville Kahn of Deloitte - the business advisory firm - have today (Wednesday) been appointed joint administrators to HMV’s UK retail business.

HMV has 223 stores in high streets and shopping centres across the UK, including Hemel Hempstead’s Riverside Shopping Centre.

Mr Edwards said: “Following our appointment, we are working closely with management and staff to stabilise the business in order to continue trading whilst actively seeking a purchaser for the business and assets.”

HMV stores are not accepting gift vouchers or exchanging goods.

Certain HMV Group plc subsidiaries including HMV Guernsey Ltd, HMV Hong Kong Ltd, HMV Ireland Ltd, HMV Singapore Ltd and 7Digital Group remain outside of an insolvency process.