HMV administrators announce 11 stores across Scotland will close
The affected branches are in Edinburgh, Glasgow, Fife and Falkirk.
Hundreds of jobs are under threat at troubled music and DVD retailer HMV after administrators confirmed the closure of 11 stores across Scotland.
On Thursday, insolvency firm Deloitte announced that it would be shutting down 66 shops across the UK, with a total of 930 staff affected.
In the announcement, the administrators said that the stores would continue to trade in the meantime, with no closure dates fixed, although they were expected to shut over the next two months.
The Scottish stores scheduled to close are in Edinburgh’s Fort, Gyle Centre, Ocean Terminal, Princes Street and St James Shopping Centre.
In Glasgow the shops at the Fort Shopping Centre, Silverburn and Braehead will all close, while branches of the retailer in Dumfries, Falkirk and Kirkcaldy will also be shut down with a total of 178 staff employed at the Scottish sites.
Last week, 190 jobs were lost at the HMV Group’s head office in Buckinghamshire and at its distribution centres in England after it called in administrators earlier this year having defaulted on banking loans.
The remaining ten branches of HMV in Scotland remain open, while three Fopp shops in Glasgow and Edinburgh continue to trade although their future remains unclear.
Nick Edwards, joint administrator, said: "As part of our ongoing review of HMV’s financial position, we have now completed a review of the store portfolio and have identified 66 loss making stores for closure. This step has been taken in order to enhance the prospects of securing the business’ future as a going concern.
"We continue to receive strong support from staff and are extremely grateful to them for their commitment during an understandably difficult period. All other key stakeholders remain very supportive and I continue to be hopeful of securing a future for the restructured business."