2,200 jobs at risk as HMV becomes first post-Christmas retail casualty

HMV in the Bullring, Birmingham
2,200 jobs are at risk after music and film retailer HMV appointed administrators for the second time in six years. The group's chairman, Paul McGowan, blamed a "tsunami of challenges" for its failure. HMV has 125 stores, typically in prominent locations in high streets and shopping centres. McGowan, who runs HMV's owner Hilco Capital, said: "Even an exceptionally well-run and much-loved business such as HMV cannot withstand the tsunami of challenges facing UK retailers over the last 12 months on top of such a dramatic change... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...