Uncertain future for Exeter staff as HMV set to go into administration
The future of staff at the Exeter HMV branch is uncertain this evening as the company is likely to to go into administration.
Over 4,00 jobs across the UK are at risk following the news that HMV are poised to call in administrators.
In December the entertainment group announced it was in talks with banks over its future, following worse-than-expected trading in the run-up to Christmas.
The music and DVD retailer which has 230 stores in the UK, including one in Princesshay, recently released details of a 10.2 per cent slump in sales.
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Deloitte is being lined up as administrator to the chain.
Check thisisexeter.co.uk tomorrow for updates.