HMV boss let go by administrators

HMV boss Trevor Moore today became the latest casualty of another swathe of redundancies at the failed music chain.

Mr Moore was one of 60 staff let go by administrators Deloitte across HMV’s head office network at Eastcastle Street in London, Marlow and Solihull.

The job losses come on top of yesterday’s announcement that 66 of its 220 shops are to close over the next two months, impacting 930 staff.

Mr Moore’s exit comes weeks after he said he was “convinced” the future of the chain could be secured.

On the day HMV went into administration, he said bosses remained “passionate” about the retailer and would “like to be involved in the business going forward if the opportunity presented itself”.

Talks are continuing between Deloitte and restructuring firm Hilco – the group behind HMV Canada – which has already bought the company’s debt.

But any rescue attempt will see HMV emerge as a far smaller business.

Nick Edwards, joint administrator, said today’s redundancies were 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,” he added.

Related Articles

More in this Section

There's a new AI assistant that says it can save money on your energy bills

Watch a customer smash up iPhones and Macs in French Apple store

Is 3D printing the future of fighting hair loss?

These are all the buttons a Formula One driver presses during a single race


Today's Stories

Simon Coveney’s housing grant is complete economic folly

Deutsche Bank AG shares jump on settlement report

Profits surge to €4.7m at Cork-based car firm Johnson & Perrott

ESB H1 operating profit falls €50m

Lifestyle

Designer Kathleen Leadbetter is on a mission to make simple, beautiful glassware

Meet Al Porter, the new king of comedy

Fashion editor Annmarie O’Connor’s winter coat edit

Olive oil will add flavour, depth and colour to these 4 recipes

More From The Irish Examiner