HMV goes into administration
Published: 15 Jan 2013 09:15
The company, which has 239 stores including one in Charles Square, Bracknell, hopes to find a buyer and will continue trading for the time being.
Gennaro Castaldo, from HMV, said a store of Bracknell's size would normally employ 10 to 15 staff, with some full-time employees and some part-time.
He said: "We have an administrator coming in with a view to finding a buyer. We are very hopeful that this will not be one of those administrations which ends in the company folding.
"The more our customers can get behind us the better position we will be in. We have 25 per cent off lots of things and there are some great bargains to be had."
The shops will not be accepting gift vouchers.
In a statement yesterday evening (Monday January 14), HMV said: "The board regrets to announce that it has been unable to reach a position where it feels able to continue to trade outside of insolvency protection and in the circumstances therefore intends to file notice to appoint administrators to the company and certain of its subsidiaries with immediate effect."
Get more stories from our Bracknell section
9 Dec 2013 17:30
A CORAL Reef employee made a splash Celebrate Success awards when he was named runner-up in the Young Achiever of the Year category.
9 Dec 2013 16:30
ANOTHER big-name brand will open in the new-look Bracknell town centre with Carluccio’s set to open.
9 Dec 2013 10:30
ANYONE getting a tablet, e-reader or smartphone will not have to spend a fortune downloading e-books, thanks to local libraries.
9 Dec 2013 10:30
HEATHERWOOD hospital staff were given some Christmas cheer early when they were presented with festive gifts.
9 Dec 2013 09:30
BRACKNELL Leisure Centre’s pools will celebrate 40 years of fantastic swimming facilities later this month.
8 Dec 2013 09:00
Crews from Bracknell and Wokingham have praised the quick-thinking of passers-by after they bravely rescued passengers and drivers following a collision between two cars last night (Saturday).
7 Dec 2013 17:30
Some real life toyshop workers are ‘elfing out Santa by wrapping presents for charity.
7 Dec 2013 13:30
MEMBERS of a team that helps people after they have been in hospital were thrilled after winning a national award on Friday.
6 Dec 2013 09:30
Let your imagination grow at the annual 'Festival of Christmas trees' in Wokingham today (Friday Decmber 6) and over the weekend.
5 Dec 2013 17:30
FIREFIGHTERS were helped free a man from his car after it crashed into a ditch on the M4 this afternoon.
5 Dec 2013 11:30
A part of Broad Lane in Bracknell is currently closed due to a hole in the road.
5 Dec 2013 11:00
Elms Field was debated last night (Wednesday December 4) at an extraordinary council meeting held at St Crispin’s school.
5 Dec 2013 10:30
Burglary rates have decreased 9% in Wokingham since last year but people are warned to remain vigilant over the holiday season.
5 Dec 2013 09:30
A group of past and present students have created software to aid with GCSE revision.
5 Dec 2013 09:00
ALMOST 100 Bracknell Forest parents have been fined after their children missed school this term.
4 Dec 2013 17:30
We are asking all our readers to contribute to a Christmas gallery by sending us photos of your trees, decorations and other festive fun.
4 Dec 2013 12:40
MORE than 600 jobs could be axed from the Bracknell branch of Hewlett Packard according to Unite.
4 Dec 2013 10:30
A lorry and Suzuki motorcycle were involved in a collision in Binfield this morning, leaving the motorcyclist with serious leg injuries.
4 Dec 2013 09:30
WOKINGHAM’S successful debut in the Thames and Chilterns In Bloom competition has been celebrated.
3 Dec 2013 17:30
FIREFIGHTERS were called to a care home in Wildridings after a tumble dryer caught fire this morning.