Record giant ‘on brink of collapse’
mainSky News reports that the HMV group, Britain’s biggest record retailer, has filed notice of intention to appoint administrators, the gateway to an orderly insolvency.
Sources said that the chain, which trades from 130 shops and employs about 2,200 people, had been in talks in recent days with leading names in the recorded music industry to seek financial support from them.
Another Amazon victim.
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