HMV will honour gift cards, administrators pledge
THE administrators to HMV have confirmed that gift cards can be redeemed in stores from today.
And 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 chain has one store in the Victoria Centre and which also owns Fopp, in Queen Street. Twenty-five people work at HMV in Nottingham and around ten are employed at Fopp.
Nick Edwards, Joint Administrator, said: "Since our appointment as Joint Administrators on Tuesday afternoon, we have been urgently assessing the Companies' financial position.
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"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."