HMV to accept gift vouchers again
Gift vouchers for troubled music and film retailer HMV will be accepted again from tomorrow.
The chain, which has a store in King's Walk, Gloucester, entered administration last week after a poor Christmas and continued competition from downloads.
It initially refused to accept gift vouchers but administrators Deloitte said that would be lifted after assessing the state if the company's finances.
Deloitte also said there are 50 separate groups or individuals who have expressed an interest in buying HMV, giving rise to optimism for staff whose jobs are under threat.
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Nick Edwards, Joint Administrator, said: “The ability of Administrators to honour gift vouchers will depend on the specific circumstances of each case.
"Since our appointment as Joint Administrators on Tuesday afternoon, we have been urgently assessing the Companies’ financial position.
"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.”