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Town’s HMV store unaffected despite closures

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BANBURY’S HMV store is to remain open despite administrators in charge of the entertainment chain confirming 66 stores are set for closure.

In a statement released today (Thursday), Deloitte have said 930 staff will be affected and no fixed date has been set for when the stores will close, but it is believed to take place in the next two months.

Nick Edwards, joint administrator for Deloitte, said: “As part of the ongoing review of HMV’s financial position, we now have completed a review of the store portfolio and have identified 66 loss-making stores for closure.

“This step has been taken in order to enhance the prospects of securing the business’ future as a going concern. We continue to receive strong support from staff and are extremely grateful to them for their commitment during an understandably difficult period.”

 

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