Overcast

Overcast

max temp: 12°C

min temp: 10°C

Search

HMV administration: Suffolk and north Essex stores escape latest round of closures

12:29 20 February 2013

More HMV store closures announced

More HMV store closures announced

HMV stores in Suffolk and north Essex have escaped the latest round of closures by the group’s administrators.

Joint administrators from Deloitte today confirmed a further 37 of the collapsed high street music chain’s stores, employing 464 staff, have been identified for closure.

No fixed date is set for the closures which will continue to trade in the meantime, but they are expected to take place over the next four to six weeks in parallel with the 66 stores that are already subject to a closure programme. HMV currently operates from 219 stores in the UK.

Joint administrator Nick Edwards 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.

“We are extremely grateful to the staff for their continued strong support and commitment during an understandably difficult period. All other key stakeholders including suppliers and landlords remain supportive and we appreciate their ongoing assistance.”

Nick Edwards, Rob Harding and Neville Kahn were appointed Joint Administrators of HMV on 15 January 2013.

The additional 37 stores identified for closure are: Ashford, Basildon, Bolton, Cheltenham, East Kilbride, Enfield, Folkestone, Glasgow Argyle, Gloucester, Grimsby, Hatfield Galleria, Heathrow T5 Departure Level, Heathrow Terminal 1, Heathrow Terminal 3, Heathrow Terminal 4, Hemel Hempstead, High Wycombe, Isle of Wight, Lancaster, Leadenhall, Mansfield, Middlesbrough, Newbury, Newcastle Silverlink, Newport, Nuneaton, Redditch, Salisbury, Scarborough, Southport, Stafford, Staines, Stockport, Swindon, Taunton, Torquay, Woking.

The 66 stores identified for closure, as announced on February 7, are: Ashton-under-Lyne, Ballymena, Barnsley, Bayswater, Belfast Boucher Road, Belfast Forestside, Bexleyheath, Birkenhead, Birmingham Fort, Blackburn, Boston, Bournemouth Castlepoint, Bracknell, Burton-upon-Trent, Camberley, Chesterfield, Coleraine, Craigavon, Croydon Centrale, Derry, Dumfries, Durham, Edinburgh Fort, Edinburgh Gyle Centre, Edinburgh Ocean, Edinburgh Princes Street, Edinburgh St James, Falkirk, Fulham, Glasgow – Fort, Glasgow – Silverburn, Glasgow Braehead, Huddersfield, Kirkcaldy, Leamington Spa, Leeds White Rose, Lisburn, Loughborough, Luton, Manchester 90, Moorgate, Newry, Newtonabbey, Orpington, Rochdale, Scunthorpe, South Shields, Speke Park, St Albans, St Helens, Stockton-on-Tees, Tamworth, Teesside, Telford, Trocadero, Wakefield, Walsall, Walton-on-Thames, Wandsworth, Warrington, Watford, Wellingborough, Wigan, Wood Green, Workington, Wrexham.

Search hundreds of local jobs at Jobs24

0 comments

Southwold Chamber of Trade member Rebecca Bishop, owner of the Two Magpies Bakery, is campaigning against huge business rate increases being imposed on the town's traders.

Businesses in Southwold have been leading the fight against the increase in business rates which has left many small high street outlets facing an uncertain future.

A very hot and sunny Gorleston beach.
July 2016.

Picture: James Bass

East Anglia’s tourism industry could suffer from “unfair” changes to business rates, a sector leader has warned, as pressure mounts on the government to think again over its revaluation.

Cecil and Larter's new SEAT showroom in Lamdin Road, Bury St Edmunds

A Bury St Edmunds motor dealership, which first opened its doors in the town 90 years ago this year, is about to launch its latest new showroom.

The Dijksgracht, the largest vessel ever to call at the Port of Ipswich, passing under the Orwell Bridge.

The Port of Ipswich has hailed a record 2016, with the tonnage of ships calling at the port increasing by 13% year-on-year.

The presentation of the Eat Out Eat Well gold award to the Copper Beech Tea Room in Brandon Country Park.

The Copper Beech Tea Room in Brandon Country Park has received a Gold level award for its healthy menu under the national Eat Out Eat Well scheme.

Management Jobs

Show Job Lists

Most read

Most commented

Topic pages

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24