HMV set to close 100 shops (From Bournemouth Echo)

HMV set to close 100 shops

9:27am Monday 4th February 2013 in News

HMV set to close 100 shops

HMV's administrators are reportedly planning to shut up to 100 shops as part of plans to restructure the business.

Deloitte is set to announce the closure of between 60 and 100 shops this week, which could see 1,500 jobs axed, according to reports.

But under the plans, which would leave HMV with between 120 and 160 shops, the doors would not be closed until the stores have run out of stock.

It is not yet known whether the chain’s Dorset branches will be affected.

HMV went into administration last month, putting more than 4,120 jobs and 223 stores at risk, but hopes of a rescue deal have been raised after restructuring firm Hilco - the group behind HMV Canada - bought the company's debt.

Deloitte declined to comment.