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Tag Archives: deloitte

HMV confirms intention to enter administration

Retailer HMV has filed notice to appoint administrators. HMV’s shares have been suspended from trading on the London Stock Exchange with immediate effect. It is understood that administrators Deloitte will keep all stores open while it searches for a potential buyer. Here’s HMV’s full statement: On 13 December 2012, the …

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HMV "to enter administration tomorrow morning"

It looks like the time has come for HMV. Having reported just moments ago that the HMV board are tonight holding discussions about what action to take next, mutiple sources are now claiming that the retailer will enter administration in the morning. The Telegraph reports that HMV going into administration …

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Deloitte confirms closure of 125 additional Comet stores

Hopes that Comet will emerge from its administration appear to be fading after the biggest store closure plan so far was revealed by Deloitte. Comet is to close an additional 125 stores over the next several weeks”, leaving just 70 stores trading in an effort to sell off remaining stock. …

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Glu impresses Deloitte

Having seemingly got its business back on track after a tough spell spent adapting to the modern market conditions of the now iPhone-dominated mobile sector, Glu has won acclaim in Deloitte’s Technology Fast 500 listings. The firm ranked 129th in the report, which outlines the 500 fastest growing technology and …

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1.1m games sold off cheap at EUK

The administrator of EUK is to auction off the contents of the wholesaler’s warehouse stock this week for a cut-price – including 1.1 million games. In news that is sure to worry the publishing community, Deloitte is reportedly accepting tender offers for the outstanding stock, which also includes 2.9 million …

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EUK administrator heading for legal battle with suppliers

EUK administrator Deloitte is in hot water with entertainment suppliers, who are preparing legal action to to claw back millions of pounds of stock. The Times reports that EUK still has CDs, DVDs and computer games worth tens of millions of pounds in its warehouses – and suppliers are battling …

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Bids received for 300 Woolies stores

Woolworths administrator Deloitte has revealed that food, clothing and budget retailers are amongst those that have made bids for 300 of the company’s prime locations. And despite over 500 stores still being yet to receive a firm offer, joint administrator Neville Kahn said today that he was confident Woolworths would …

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Woolworths to slash over 60% off some items

Woolworths administrator Deloitte has revealed that the retailer will start slashing prices on products by over 60 per cent in the lead-up to the New Year. The firm’s Neville Kahn today revealed that over 50 million new stock items – including entertainment and toys – were being shipped into stores …

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Administrator chasing up Zavvis EUK debt

EUK administrator Deloitte has refused to confirm the amount of money that Zavvi owes the distributor – but has said that it will actively chase up” the entertainment retailer’s debt. EUK and Woolworths joint administrator at Deloitte Neville Kahn said: Zavvi is one of the major customers that owes money …

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Woolies and EUK: Over 500 suppliers owed cash

The administator in charge of Woolworths has revealed that over 500 suppliers to Woolworths and EUK – including many games publishers – stand to lose money on products sold into both companies. However, joint administrator of Woolworths at Deloitte Neville Kahn said that EUK’s warehouses – which still hold millions …

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