Home > Britain's HMV Faces the Music As Retailer Calls In Administrators

Business
Britain's HMV Faces the Music As Retailer Calls In Administrators

Description

According to Reuters, Music retailer HMV said it was calling in the administrators, blaming a worsening market for CDs and DVDs, as it becomes the latest victim of brutal trading conditions in Britain’s retail sector. HMV said that the accounting firm KPMG has been named as the administrator and intends to keep the business running while it seeks a potential buyer. The retailer, one of Britain’s best-known high street stores, went into administration in 2013 after being hit by competition from online rivals and music streaming services.

Added on the 28/12/2018 11:28:32 - Copyright : Wochit

To customise your video :

Or Create an account

More videos on the subject

  • New Taylor Swift album on sale in London

    Taylor Swift's highly anticipated record "The Tortured Poets Department" goes on sale in London after its release -- the 11th studio album from the megastar who is already having a blockbuster year. "New album THE TORTURED POETS DEPARTMENT. Out now," the American singer announced on her Instagram account, ending the announcement with a heart emoji. IMAGES

    19/04/2024 - AFPTV - First images
  • UK's Sunak calls for 'calm heads to prevail' after Iran's attack on Israel

    British Prime Minister Rishi Sunak says that the Middle East needs "calm heads to prevail" after Iran launched its first-ever direct attack on Israeli territory. "We'll be working with our allies to de-escalate the situation and I look forward to speaking to G7 leaders later this afternoon," Sunak tells reporters in Downing Street. SOUNDBITE

    14/04/2024 - AFPTV - First images
  • London: pro-Palestinian rally calls for Gaza ceasefire

    Demonstrators gather in central London to call for a ceasefire in Gaza. Israeli aerial bombardments has claimed dozens more victims in the Gaza Strip today, according to the Hamas Ministry of Health, while the first ship loaded with aid is ready to set sail from Cyprus for the famine-stricken Palestinian territory. IMAGES

    09/03/2024 - AFPTV - First images
  • New Rolling Stones album to be released on Oct 20: band

    The Rolling Stones will release their first album of new music in 18 years next month, lead singer Mick Jagger announces. "We're here to present our new single, which is called 'Angry', and the video," Jagger tells a launch event at Hackney Empire in east London. SOUNDBITE

    06/09/2023 - AFPTV - First images
  • Rolling Stones arrive for press event for launch of new album "Hackney Diamonds"

    In London, Rolling Stones arrive for the press event for the launch of their new album "Hackney Diamonds". It is the English group's first album since drummer Charlie Watts' death, and the first containing original material since 2005's "A Bigger Bang". IMAGES

    06/09/2023 - AFPTV - First images
  • Police outside Jane Birkin's apartment in Paris after her death

    Police stand guard outside the home of British-French singer and actor Jane Birkin, who died aged 76 in her adopted home of Paris. The cause of death and other details are not immediately known. Birkin catapulted to fame through her turbulent relationship with legendary singer-songwriter Serge Gainsbourg and her heavily accented French. IMAGES

    16/07/2023 - AFPTV - First images

More videosBusiness

Watch video of The Post-Brexit Recovery Across European Markets Has Stalled With Major Share Indexes Mixed And Safe-haven Demand For Precious Metals Helping The Price Of Silver Surge To A Near-two Year High.  But,  As Sonia Legg Reports, Trading Volumes Were Light Becasue Of The July 4 Public Holiday In The United States. - European shares end post-Brexit rally - Label : Reuters EN -
Business

European shares end post-Brexit rally

04/07/2016 15:56:29

Watch video of BP Slumps To Its Worst Annual Loss In 2015, The British Oil And Gas Company Announces, And Says It Will Cut Thousands More Jobs In The Face Of A Deep Rout In Oil Prices. Hayley Platt Reports - Oil prices drag BP to worst annual loss - Label : Reuters EN -
Business

Oil prices drag BP to worst annual loss

02/02/2016 14:51:34