HMV signs new stock deal

Administrators for HMV have made trading agreements with the store’s principal suppliers, meaning that major film, music and gaming releases will continue to be on sale in stores over the coming weeks.

Nick Edwards, joint administrator, said:  “We are pleased that these agreements are now in place, allowing us to replenish stock and bring in new titles.  The support of suppliers over the past few weeks has been significant and these agreements demonstrate their ongoing commitment to supporting HMV.

“Good progress has been made to date and we have received a positive level of interest in the business.

“Discussions are progressing with a number of parties interested in both the business as a going concern and individual assets despite the high fixed cost base associated with a store network.  Landlords have been generally flexible and supportive and we hope to continue working closely with them to restructure the business and seek to secure its future.”