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HMV.com taken offline as search for buyer continues

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The HMV website has today been taken offline following the entertainment retailer's fall into administration.

But Deloitte, which was appointed administrator for HMV on Monday (January 14), said that there has been some "very positive" interest in the business.

HMV.com Notice of Administration


More than 220 HMV stores remain open and trading (along with their Fopp subsidiary outlets). The firm is no longer accepting gift vouchers or returned goods unless they are faulty, but the "blue cross sale" is still running.

However, the HMV online retail site has now been taken offline and replaced with a holding message explaining the appointment of an administrator for the business.

It says: "The website HMV.com has been suspended following the appointment of joint administrators. No purchases can be made online until further notice."

Deloitte is now actively searching for a buyer for the HMV chain in order to save the retailer, which accounts for a quarter of UK physical music and video sales.

The administrator said today that it has already had "very positive" expressions of interest in HMV, with several parties getting in touch following the firm's collapse. Hilco, the owner of HMV Canada, is said to be among those interested in HMV stores.

An HMV store in north London

© PA Images / Yui Mok/PA Wire



In a statement issued to Sky News, joint administrator Nick Edwards said that the firm was actively seeking a buyer.

"HMV is an iconic retailer and continues to be a very popular brand, but as we have seen with many high street retailers, the market is changing rapidly and conditions are currently very tough," he 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.

"We appreciate the co-operation and support from the staff, customers, suppliers and landlords at what is clearly a difficult time."

HMV has more than 4,000 employees in the UK, but even if the chain is bought, it is expected that some posts will be lost.

Trevor Moore, the HMV chief executive, told Sky News that he was "absolutely confident" about the future of the firm.

"It does require a number of significant changes in the business, and those changes we're very clear about," he said.

"We would hope to find a prospective buyer that could work with us to enable me to deliver those changes and ensure that HMV, which is one of the consumers' ten most favourite stores in the UK, remains on the high streets that we operate in."

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