Staff at collapsed music and entertainment chain HMV used the company’s official Twitter account to announce their own “mass execution” as administrators axed nearly 190 jobs.

Attempts to salvage music chain HMV will continue this week as attention turns to the prospect of a new stock deal with suppliers.

Hopes over the future of collapsed music chain HMV were raised today after its debt was bought by the restructuring business behind HMV Canada.

FASHION retailer, A-wear has been sold to retail restructuring experts Hilco for an undisclosed fee.

The former owners of MFI and a former executive of Kingfisher are among those to have expressed an interest in Comet, the UK electrical retailer that was recently put up for sale, it was reported today.