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HMV to accept gift vouchers again

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Monday, January 21, 2013
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citizengibbon

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.

  1. HMV Gloucester

    HMV Gloucester

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.”

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3 Comments

  • Profile image for Glos_Lad34

    by Glos_Lad34

    Tuesday, January 22 2013, 7:28PM

    “Luckily i don't have any to use, I used them a couple of months ago before it went down the pie hole.”

  • Profile image for Alfredo_

    by Alfredo_

    Tuesday, January 22 2013, 9:22AM

    “Gift vouchers are stupid. Take some money that you can spend anywhere, and exchange it for a type of money of the same value you can spend in one place. Dumber than a dumb thing.”

  • Profile image for geraint2010

    by geraint2010

    Monday, January 21 2013, 2:00PM

    “Always good to see common-sense prevail. Now let's see a change in the law so that those unwittingly "lending" money to firms that subsequently go into liquidation are first in the queue to be reimbursed.”

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