Retailer HMV is currently under administration and the Telegraph reports that between 60 and 100 stores will be closing. If this report turns out to be true up to 1,500 employees may be laid off.
The source also says that Hilco and Deloitte which purchased some of HMV’s debt and stores is planning to keep between 120 and 160 stores open for the time being. The source added that HMV will be closing one of its main London stores. However it is not known which store it will be, the Oxford Street or Piccadilly Circus store.
Just last month, retailer GAME was looking into purchasing some of HMV stores in locations that GAME is not currently located. GAME was interested in 45 stores.