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8 February 2013
HMV Group plc, HMV Music Ltd, HMV UK Ltd, HMV (IP) Ltd and Fopp Entertainments
Ltd (together “HMV” or “the Companies”) – in administration - Update
The Joint Administrators of HMV today confirm that 60 redundancies have been
made across the Companies’ head office network at Eastcastle Street (London),
Marlow and Solihull.
Nick Edwards, Joint Administrator, commented: “Following our announcement of
the closure of 66 stores yesterday, it has been necessary to consider the head
office support required for the reduced store portfolio. As a result of this
review, a number of redundancies at the head office have been made. This has
been a difficult decision, but a necessary one in restructuring the business.
We would like to express our gratitude to staff for their continued support
during the administration.”
Nick Edwards, Rob Harding and Neville Kahn were appointed Joint Administrators
to HMV on 15 January 2013.
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