Redditch HMV to close

By Harriet Ernstsons Wednesday 20 February 2013 Updated: 22/02 10:04

REDDITCH's HMV store will close within the next six weeks.

Administrators Deloitte LLP, who were appointed last month after the company got in to financial difficulty, announced today (Wednesday) the Kingfisher Centre shop was one of 37 affected by the latest round of closures.

Around 464 staff will lose their jobs including eight in Redditch. No fixed date has been set but it is expected all 37 will shut within the next four to six weeks, at the same time as a previous 66 stores identified for closure.

Joint administrator Nick Edwards said: "As part of our ongoing review of HMV’s financial position, we have undertaken a further review of the store portfolio and have identified an additional 37 stores for closure.

"This step has been taken in order to enhance the prospects of the restructured business continuing as a going concern. Together with the previously identified 66 closures, this restructuring will result in a residual portfolio of some 116 stores.

"We are extremely grateful to the staff for their continued strong support and commitment during an understandably difficult period. All other key stakeholders including suppliers and landlords remain supportive and we appreciate their ongoing assistance."

Ken Williams, manager of the Kingfisher Shopping Centre, said: "This is really disappointing. We are keen to work with the administrators and any new owners to keep the shop trading if we can."

Share This

Popular »

1 Fun fair blocked from coming into town

2 Pensioner admits benefit fraud

3 Man glassed outside nightclub

4 Cancer treatment a step closer to home

5 Asda given green light

More news »

Tenant row Tory councillor quits party

A BOROUGH councillor who sparked outrage with his

Turn a five into a fortune for the Primrose Hospice

YOUNG people from Redditch aged nine and upwards

Bedroom tax will hit those already struggling to pay rent

ALMOST a quarter of council tenants set to

Chance to share in Youth House take over

RESIDENTS could be offered the chance to buy

Regional news »


Bromsgrove Standard
Bromsgrove Police begin clampdown on 'boy racers'

POLICE officers this week began Operation Overdue which is aimed ...

Worcester Observer

Visit the Worcester Observer website for the latest.

Stratford Observer
Falcon Hotel set for £6 million facelift

THE HISTORIC Falcon Hotel in the centre of Stratford is ...

Evesham Observer
Calling all young masterchefs......

THE OBSERVER has teamed up with the Evesham Hotel to ...