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RETAIL NEWS

HMV CEO made redundant

Trevor Moore, the chief executive of collapsed entertainment retailer HMV, is among 60 staff being made redundant at the company’s head office.

RETAIL NEWS

HMV CEO made redundant

The news follows the announcement last week that 66 of the retailer’s 220 shops would close over the next two months, putting 930 jobs at risk. 

Deloitte said the latest swathe of redundancies had been made across the HMV’s head office network at Eastcastle Street in London, and in Marlow and Solihull.

Nick Edwards, joint administrator, said: "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."

HMV went into administration last month after poor Christmas sales. At the time Moore said he was convinced that HMV could be saved and that he hoped to be involved in the business going forward.

Moore joined HMV in August last year from UK camera retailer Jessops, which also collapsed in January. 

Deloitte is continuing to hold talks with restructuring firm Hilco, which has already bought HMV’s debt, putting it in a prime position to take over the retailer. 




 

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