Now HMV Ireland goes into receivership

Ben Parfitt
Now HMV Ireland goes into receivership

HMV has closed its 16 Irish stores and has appointed receivers, putting 300 jobs at risk.

However, whereas the administration process – such as that employed by the British arm of HMV – is designed to find a way of keeping a business operating, receivership will mean the end of the retailer.

All Irish stores have now been closed.

Staff at HMV’s two Limerick stores held a sit-in last night, looking for assurances that their wages for the last month will still be paid.

Deloitte Ireland said: "The receiver will institute an assessment of the viability of the company and its cost structure, including property occupational costs. All efforts will be made by the receiver to secure a purchaser for the stores."

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Tags: Retail , HMV , ireland , receivership

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