HMV: Debt-laden retailer to appoint administrator
Music and DVD chain HMV, which employs about 4,350 staff, has confirmed it will appoint an administrator, making it the latest High Street casualty.
Deloitte will run the 239-store chain while it assesses prospects for the business and seeks potential buyers.
Trading in HMV shares on the London Stock Exchange are being suspended, the company said in a statement.
Started in 1921, HMV became one of the biggest names on the High Street, but has struggled against online retailing. http://www.bbc.co.uk/news/business-21021073