Change of mind over HMV gift vouchers
ADMINISTRATORS at Deloitte have performed a u-turn and said that gift vouchers will now be accepted at HMV stores.
As reported in The Post last week the chain is one of a series of firms on the High Street to call in the administrators following a worse than expected Christmas.
HMV had three stores in the Bristol area in Broadmead, Weston-super-Mare and at Cribbs Causeway.
And the announcement that gift vouchers are now being accepted came after the administrators were put under pressure by consumer groups.
Business Cards From Only £10.95 Delivered www.myprint-247.co.uk
View detailsOur heavyweight cards have FREE UV silk coating, FREE next day delivery & VAT included. Choose from 1000's of pre-designed templates or upload your own artwork. Orders dispatched within 24hrs.
Terms: Visit our site for more products: Business Cards, Compliment Slips, Letterheads, Leaflets, Postcards, Posters & much more. All items are free next day delivery. www.myprint-247.co.uk
Contact: 01858 468192
Valid until: Friday, May 31 2013
Deloitte announced it had changed its mind and will be able to honour the vouchers after reassessing HMV's financial position.
Meanwhile, restructuring specialist Hilco has emerged as the frontrunner to save the chain of stores from closure.
A spokesman for Deloitte said: "We will continue to assess the longer term options for the business whilst continuing to trade.
"We are hopeful this process will result in the business continuing as a going concern."
An industry consortium of music labels and film studios, including Universal Music and Sony, are believed to favour Hilco, according to reports in the financial press.
Deloitte said there are 50 separate groups or individuals who have expressed an interest in buying all, or part of the HMV chain.
HMV has 223 UK stores in total, and a workforce of about 4,000.
2 Comments
by bristollil
Tuesday, January 22 2013, 10:38PM
“Can someone tell me why gift vouchers shouldn't be honoured? I'm assuming the shop already has the money so to all intents and purposes the goods have already been paid for.”
by Morrissey9
Tuesday, January 22 2013, 12:24PM
“It was starting to look bad and putting people off going at all I suspect. And if people have a £10 gift voucher, they may go in and use it but spend an extra £20 anyway, so it works out for them in the long run.”