BREAKING: Crawley HMV will not close

Published on 07/02/2013 10:45

The Crawley branch of HMV will not close, administrators have confirmed.

The music and entertainment retailer went into administration last month putting 220 stores and 4,000 jobs at risk across the UK.

Administrator Deliotte announced the closure of 66 stores - but Crawley was not identified as a loss-making store and so will stay open for business.

The closures will result in the loss of 930 staff elsewhere at HMV.

Nick Edwards, joint administrator, 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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BREAKING: Crawley HMV will not close

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