British augmented reality start-up Blippar goes into administration

Augmented reality experience maker Blippar has gone into administration. The British start-up, founded in 2011 by entrepreneurs Ambarish Mitra and Omar Tayeb, said it was unable to secure additional funding from one of its shareholders. We’re saddened to announce that Blippar has gone into administration today. We’re eternally grateful to all our team members, customers,…

HMV's debt bought by restructuring specialist Hilco

Following last week's administration woes, HMV may be on the verge of being saved as "restructuring specialists" Hilco have agreed to buy the company's sizeable debts. Hilco – who bought out HMV Canada in 2011 – have bought the debt…

HMV offered lifeline as labels and studios slash DVD and CD prices

High street entertainment retailer HMV may be about to be offered a lifeline after entering administration last week. The chain, now in the hands of administrators Deloitte, may get a helping hand from Universal Music, Universal Studios, Warner Music, Warner…

UPDATE: HMV no longer accepting gift cards

Following the announcement that high street retailer HMV are to go into administration, financial services firm Deloitte and HMV administrators have confirmed that HMV stores will no longer be accepting gift cards. Though shops remain open, vouchers can no longer…

HMV to go into administration

HMV is to go into administration, with 239 stores now facing closure and over 4,000 staff members facing unemployment. Following the closure of Jessops last week, HMV (an abbreviation of His Master's Voice), has struggled to match the strong competition…

UPDATE: Comet to go into administration next week

Following on from our post earlier today highlighting high-street gadget retailer Comet's current financial woes, it's now been confirmed that the company will go into administration next week. As many as 240 shops could be set to close, with some…