Hemel’s HMV store is not among closures - Local

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Hemel’s HMV store is not among closures

Published on 07/02/2013 12:40

Hemel Hempstead’s HMV store is not among the list of shop closures announced by administrators today.

The Riverside Shopping Centre branch is not listed among 66 loss-making shops that will close within the next two months. The affected shops employ a total of 930 staff.

Nearby stores in Watford, St Albans and Luton will shut their doors. HMV currently operates from 220 stores in the UK.

Joint administrator Nick Edwards said: “As part of our ongoing review of HMV’s financial position, we have now 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. All other key stakeholders remain very supportive and I continue to be hopeful of securing a future for the restructured business.”

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Hemel’s HMV store is not among closures

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