You are here: Home - Saving & Banking - News -

HMV to accept gift cards from tomorrow

Written by:
HMV's administrators Deloitte have confirmed that customers can redeem gift cards in stores from Tuesday 22 January.

Deloitte also said that proceeds raised by HMV through the sale of charity releases including the Hillsborough Justice Collective single will be paid in full as soon as possible.

The music retailer went into administration last week after more than 90 years of trading.

Nick Edwards, joint administrator, said: “The ability of administrators to honour gift vouchers will depend on the specific circumstances of each case. Since our appointment as joint administrators on Tuesday afternoon, we have been urgently assessing the Companies’ financial position.

“I am pleased to confirm that, having concluded this assessment, we are able to honour gift cards. I can also confirm that all money raised by HMV for various charities will be paid in full. We recognise that both of these matters have caused concern for individuals and organisations affected and are pleased to have reached a positive outcome.

“We will continue to assess the longer term options for the business whilst continuing to trade. I am hopeful this process will result in the business continuing as a going concern.”



Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

After an award-winning health insurance provider?

Winner of best online health care provider in the Awards 2015

Guide to valuations and surveys

Do you need a vanilla valuation or a survey with a fringe on top? Martyn Stones explains the different types o...

A guide to picking the right credit card

To mark the 50th anniversary of Britain's first credit card, here's a handy guide to help you figure out which...

A guide to choosing a children’s savings account

Whether you want to get your kids into the savings habit or just want to start building up a nest egg, there's...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
How to save with the Green Deal scheme

This handy guide explains all about the Government's energy efficiency initiative launching on Monday.