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

Ireland hopeful of American business following Brexit

Border businesses shocked and fearful after Brexit vote

Google reveals top UK questions searched since the EU referendum results, and some may surprise you

NTMA: Ireland's financing needs largely in place already for next 12 months


You might also like

Today's Stories

Billions wiped off value of top UK companies as global markets reaction to Brexit vote

Irish bank shares rocked by 'Leave' result in UK referendum

Sterling nosedives to 31-year low

State has spent €670k defending position in Apple tax case

Lifestyle

Restaurant review: Palmento

Your complete guide to keeping the kids amused during the summer holidays

This mum gave her kids an 1950s-style summer - here's how they got on

More From The Irish Examiner