HMV to accept gift cards from tomorrow

An HMV shop

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."

 

Comment

blog comments powered by Disqus

Calculators

gold-piggyTry our easy-to-use calculators and make your money work harder.

Speak to an adviser

Financial guides and commentaries

Today on Your Money

From the Web

Money tips of the week

Advertisement

Advertisement

Money management tools

No matching document

Advertisement

Awards

ymawards2014

The Your Money Awards, recognising excellence in online & direct service provision.