HMV boss 'convinced' chain will survive as private equity eyes rescue

The house of HMV called in administrators after talks with banks to refinance
a debt of £220m failed. Mr Moore pronounced Christmas trade had been
"disappointing" and impacted by a "limited supply" of dual pivotal tablets,
including iPad Mini.

HMV and Deloitte face a recoil from business since of their refusal to
accept present vouchers, notwithstanding a fact HMV was still offered them on Monday.

The company's grant fund, that has a necessity of £60m and 1,400 members,
will pass to a Pension Protection Fund.

HMV sales have declined due to extreme foe from online retailers such
as Amazon, digital download services, and supermarkets.

Vince Cable, a Business Secretary, pronounced it is

Read full article: http://www.guardian.co.uk/football/2013/jan/12/qpr-tottenham-hotspur-live-mbm-premier-league

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Source:
http://www.ezonearticle.com/2013/01/15/hmv-boss-convinced-chain-will-survive-as-private-equity-eyes-rescue/