Tag: Administration
Made.com ‘on verge of administration’, reports claim
British online furniture retailer Made.com has suspended taking customer orders after talks to find a buyer failed, pushing the group towards administration, reports Yahoo! The company said on Tuesday that […]
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 […]
These are the 66 HMV stores set to close following administration
The full list of HMV stores set for closure has been published by the retail chain's administrators Deloitte. Despite restructuring group Hilco buying HMV's debt last month, 66 stores up and down the UK are still set to close. "As…
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…
Blockbuster joins HMV, Jessops with administration woes – trade-in gift cards honoured
Blockbuster is the latest high-street chain to succumb to the ongoing financial recession, announcing that the video and game rental store is to enter administration. The store's fortunes had been on the decline for many years, struggling to make ends…
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…
Comet "Fire Sale" will follow administration news, gift cards accepted
Financially-stricken high street electronics retailer Comet will hold a stock-clearing "fire sale" following the news that the company has been put into administration. Items will be sold at "everything must go" prices, with £120 million worth of stock to go….
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…
