HMV store to close (From Salisbury Journal)
If you have a story call our newsdesk on 01722 426511 or email us. To advertise call 01722 426500.
HMV store to close
4:27pm Wednesday 20th February 2013 in News By Hannah White
THE HMV store in the Old George Mall, Salisbury is set to close.
Administrator Deloitte announced the closure of the Salisbury store along with 36 others on Wednesday.
The entertainment retailer went into administration in January and Hilco UK has since taken on the debt from lenders Lloyds and Royal Bank of Scotland.
It is expected that closures will take place over the next four to six weeks in parallel with the 66 stores that are already subject to a closure programme.
Nick Edwards, joint administrator, said: “As part of our ongoing review of HMV’s financial position, we have undertaken a further review of the store portfolio and have identified an additional 37 stores for closure.
“This step has been taken in order to enhance the prospects of the restructured business continuing as a going concern.
“Together with the previously identified 66 closures, this restructuring will result in a residual portfolio of some 116 stores.”
